Heal Group Pty. Ltd., a company owned by dodgy basketballer Shane Heal, is apparently caught up in Shane Heal's bankruptcy. While Heal Group has so far avoided bankruptcy, the intertwining of assets is now starting to affect this company.
Heal Group is now marketing their two Baskin Robbins shops in the Brisbane area at grossly inflated prices compared to new shops.
As usual, the ads on Seek/Scan Commercial are packed with lies designed to mislead a potential purchaser. The most egregious is "the store has a modern fit-out incorporating all new logos and current branding". A look at any of the new shops built since the Allied Brands Ltd. (ABQ) collapse show this to be not the case. And the Morayfield shop is priced at some 30% more than a new shop!
Reports of the Heal bankruptcy list all the franchises that have been taken back from him - including a number of Noodle Box shops.
The Heal Group is not fair dinkum. Buyer beware, do your own due-diligence.
While the ACCC is known for turtle-like enforcement actions, criminal charges have finally been lodged against Kleenmaid directors in a case very similar to the Allied Brands collapse.
Many of the same government lawyers are known to be working on both of these cases. With the charges now laid in the Kleenmaid fraud, the finalisation of the Allied case is said to be front and centre.
Several similarities exist between the Kleenmaid collapse and Allied Brands (ABQ). Banks were defrauded in both cases. Both companies were trading while insolvent. In both, directors were neck deep in directing the company actions. And in both companies large amounts of company money and assets went "missing". At Allied Brands, former CEO Shane Radbone extended himself (and his wife, Victoria Radbone) a loan of almost $1,000,000 that has gone unpaid after the collapse. And in both cases franchisees were forced to operate at a loss due to lack of product and company support.
At least one of the former directors is hiding in Fiji, and another, Korda Mentha director Lachlan McIntosh continues to "hide" from the public due to his Chairmanship of this collapsed public company.
Investigations into these frauds are also said to be coordinated with actions likely against Shane Radbone, Anthony "Tony" Cavanagh, and at least one of the Grahams for migration fraud in the sale of 457 visas to Koreans and Indians.
Gold Coast gaol is going to be full with these criminals quite soon.
