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Auckland, Feb 2 NZPA - An Auckland man charged with fraudulently obtaining $3.5 million from people he granted Green Acres sub-franchises to, has re-appeared in court.
Keith Lapham faced three fraud charges alleging he obtained money by deception from 172 people while he was a master franchisee for Green Acres from March to December 2007.
Lapham was remanded on bail to a pre-depositions hearing in April when he appeared in Auckland District Court today.
His lawyer Peter Davey said an extra two months was needed to examine more than 30,000 documents disclosed by the Serious Fraud Office.
Lapham was an independent contractor and the Green Acres company was not the subject of any investigation.
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Comments
Lapham is NOT a
Lapham is NOT a franchisee.
Under any franchise law since 1956 in North America, Lapham would be deemed a franchisor or a franchisor associate and be treated as if there were only one head office.
It is only because New Zealand refuses to pass a franchise law (in contrast to almost all other G20 countries) that the industry elite can spin Lapham as a "rogue" franchisee.
Ask yourself: Where exactly did Mr. Lapham learn his selling skills, whose paperwork and logo did he use and who was responsible for auditing their own sub-contractors' criminality?
Green Acres Franchise Group chose sub-contracting and benefited from that arrangement: Let them be accountable when a 100% predictable fraud sausage blows up in their face. A fog always favours a predator.
Green Acres' recklessness proves that for mom and pop Kiwi investors, franchising is Unsafe at any Brand.
Scapegoating a damn fool does not replace justice for the recently eviscerated.
Les Stewart
FranchiseFool [lesstewart.wordpress.com]
yeppie
yeppie
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