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Darren
Frequent Visitor
Joined: 11/07/2002 14:36:40
Posts: 23848
Location: Hampshire, UK
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 Posted: Mon Feb 13, 2012 11:05 am Post subject: Dragons Den Stars Duped Out of £230K By GPS Entrepreneur |
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Two stars of BBC show Dragon's Den, Theo Paphitis and Peter Jones , claim they have lost an investment of £230,000 to Swiss-born entrepreneur Jean-Claude Baumgartner who they allege faked documents and blew the money on his extravagant lifestyle.
Baumgartner appeared on a Sports Relief Dragons den special in 2010 to present his 'Satski' GPS and software. he accepted an offer of a £130,000 investment and later secured a further £100,000.
He was due to appear at Blackfriars Crown Court last Monday but failed to appear, citing weather related travel difficulties. The hearing was adjourned until 9th February when he once again failed to appear claiming he was unable to afford the flight tickets.
A warrant has now been issue for his arrest and a European Arrest Warrant is being sought.
Baumgartner denies two counts of fraud.
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Darren Griffin
Last edited by Darren on Mon Feb 13, 2012 11:14 am; edited 1 time in total |
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MaFt
Pocket GPS Staff
Joined: Aug 31, 2005
Posts: 15360
Location: Bradford, West Yorkshire
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| Posted: Mon Feb 13, 2012 11:12 am Post subject: |
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Not good, I reckon whoever Peter & Theo got to check over the paperwork will be panicking somewhat!
MaFt |
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Colin58
Occasional Visitor
Joined: Jul 31, 2004
Posts: 37
Location: Scotland
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| Posted: Tue Feb 14, 2012 12:24 am Post subject: |
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| eah, who ever done the due diligence must be a touch worried. |
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MaFt
Pocket GPS Staff
Joined: Aug 31, 2005
Posts: 15360
Location: Bradford, West Yorkshire
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| Posted: Tue Feb 14, 2012 12:26 am Post subject: |
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| Colin58 wrote: | | due diligence |
That's what I meant! Just my mind went blank...!!!
MaFt |
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M8TJT
The Other Tired Old Man
Joined: Apr 04, 2006
Posts: 10118
Location: Bexhill, South Sussex, UK
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| Posted: Tue Feb 14, 2012 12:38 am Post subject: |
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Not as legally accurate, but I prefer MaFt's 'check over the paperwork'  |
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DennisN
Tired Old Man
Joined: Feb 27, 2006
Posts: 14906
Location: Keynsham
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| Posted: Tue Feb 14, 2012 1:23 am Post subject: |
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Hang on - wasn't Baumgartner a sidekick of Jerry Springer?
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Dennis
If it tastes good - it's fattening.
Two of them are obesiting!! |
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Temple
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Joined: Aug 04, 2006
Posts: 5
Location: Devon
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DennisN
Tired Old Man
Joined: Feb 27, 2006
Posts: 14906
Location: Keynsham
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| Posted: Fri Feb 17, 2012 1:35 pm Post subject: |
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Hmm. I was thinking of HIGNFY Episode #36.8 (but can I get a link to play it? No I can't!!).
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Dennis
If it tastes good - it's fattening.
Two of them are obesiting!! |
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AliOnHols
Pocket GPS Verifier
Joined: Oct 15, 2008
Posts: 1942
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| Posted: Fri Feb 17, 2012 2:15 pm Post subject: |
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| DennisN wrote: | | Hmm. I was thinking of HIGNFY Episode #36.8 (but can I get a link to play it? No I can't!!). |
Apparently, HIGNFY 36.8 shall be repeated on Chanel "Dave" next Friday 24th. But I don't get the connection between Jerry Springer, Ken Livingstone, Katy Brand et al and SatSki 
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Android with CamerAlert, OsmAnd+, Waze & TT Europe.
TomTom GO 730, GO 930, GO 940 & Rider2.
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DennisN
Tired Old Man
Joined: Feb 27, 2006
Posts: 14906
Location: Keynsham
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| Posted: Sat Feb 18, 2012 10:24 am Post subject: |
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It's the funny things that old men think about - I merely remembered that one of the names mentioned in the programme is Randy Baumgartner - I have no recollection why he's mentioned unless he's an odd one out.
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Dennis
If it tastes good - it's fattening.
Two of them are obesiting!! |
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AliOnHols
Pocket GPS Verifier
Joined: Oct 15, 2008
Posts: 1942
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| Posted: Sat Feb 18, 2012 10:59 am Post subject: |
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That's good enough for me DennisN.
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Garmin Nuvi 2599
Android with CamerAlert, OsmAnd+, Waze & TT Europe.
TomTom GO 730, GO 930, GO 940 & Rider2.
SatMap Active 10 & 20. |
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MaFt
Pocket GPS Staff
Joined: Aug 31, 2005
Posts: 15360
Location: Bradford, West Yorkshire
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| Posted: Sat Feb 18, 2012 12:03 pm Post subject: |
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So, back on topic...
He's now been jailed for 2 years 8 months according to Tech World
MaFt |
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