crustyngrizzly

linwood park stud

7 posts in this topic

There are always plenty of little ppl burned in these situations too ... all the contractors & suppliers - and as Nas points out - even down to the people with LFG ...

Don't know the details of this one but in general terms I've seen enough of the brazen types who run up the red type on the balance sheet - go into insolvency / bankruptcy - welch on all their liabilities (whilst often somehow managing to hang onto personal wealth & lifestyle via wives, trusts etc) - then re-invent themselves only to do it all over again. 

Never make good to their creditors.  I don't know why people would even deal with those types.  I guess in some cases they don't know their back-story .... 

  

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Looks like you're right Jess. It looks to me like Michael Tololi has reinvented Linwood Park as Paradise Farms, and the contractors and suppliers aren't getting a penny. Julian Czerpak is standing the same horses at the same property this year. Czerpak looks like he fits the Tololi mould: https://www.thefreelibrary.com/Ex-trainer+in+row+over+secret+sale+ofhorses.-a0128124704

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The latest rumour is that Tololi is behind both Paradise Farms and Newmarket Stud Ltd. Who knows what to believe, but it could be true. Bruce Pamatatau and Newmarket Stud Ltd is based at the same address as Grant Reynolds - the receiver who Tololi chose to run LPSL's receivership. Instead of selling LPSL's 25% share of Echoes of Heaven to pay out LPSL's creditors, Grant Reynolds took it for himself. Newmarket Stud Ltd have now bought the other 75%. Newmarket Stud Ltd says on their website that they are using Czerpak as their studmaster. Sounds dodgy to me. If I was doing any business with either of these companies, I'd be asking for payment up front.

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