Wednesday, March 23, 2011

Bankrupt businessman David Mack has set up business again in Texas

Wanganui Chronicle, 23 Mar 2011

Mack has set up business in Texas

Bankrupted former Wanganui businessman David Mack is believed to have set up business again after moving out of Wanganui in 2009, leaving behind a long trail of debt and angry people.

Mr Mack's new business is understood to be based in Texas, in the United States.

Judged bankrupt in the Wanganui District Court in February last year, Mr Mack did not appear at the hearing, but ignored a request by a judge to settle his outstanding debt of thousands of dollars in Wanganui. Several local businesses were owed money, among them Mickey's Super Liquor in Puriri Street (owed $5000), Wanganui Security Services (owed several thousand dollars), Wanganui Chronicle ($14,000) and Stellar Bar ($1500).

The Texan owner of a small internet and graphic design agency emailed the Wanganui Chronicle after "googling" David Mack.

The woman, who did not want to be named, said she had a business dealing with Mr Mack recently but had noticed "red flags" right away, "hence me Googling him to learn more," she said.

The woman had worked on a small project to go together with a promotion run by Mr Mack to launch his new business.

"He paid in full but then his work could not be handed-off until it was paid in full," the woman said.

The woman said she received a call from a bank a few weeks ago. "David Mack had listed me as a credit reference. I told the bank he had paid me in full, a whopping $450 for a small project, but we have never discussed an arrangement for a line of credit. I would never extend this to long-term, existing clients, much less a newbie client."

Kiwi-born Mr Mack had returned to New Zealand after failed business attempts in the United States.

According to the National Business Review, in February 2005 Mr Mack had gone to ground after his third business collapse left creditors out of pocket and the Inland Revenue owed money. He came to Wanganui in early 2007 and set up a marketing and advertising business, David Mack and Associates, in Victoria Ave. Mr Mack was banned from all director/managerial roles by the Ministry of Economic Development (Insolvency and Trustee Service) from October 11, 2005 to October 11, 2008.

 

By Lin Ferguson 

Originally published 23 Mar 2011 in Wanganui Chronicle

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  1. http://www.nzherald.co.nz/wanganui-chronicle/news/article.cfm?c_id=1503426&objectid=11022905

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