Category Archives: Blog

Geoffrey Edelsten Responds to Colin Kruger : Fairfax Media : Edelsten Deal Not So Super For Sonic

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Edelsten deal not so super for Sonic

“Let’s hope Sonic Health-care boss, Dr Colin Gold schmidt, really likes the medical centres it bought from disgraced former doctor Geoffrey Edelsten because it might have to pay for them twice.

“The bad news surfaced in court documents that shed new light on the sale that helped to re-establish Edelsten’s life style of baubles and babes.”

1. The information provided here notably “lifestyle baubles and babes” by Colin Kruger is used to embellish the article.

“In 2011 Edelsten was crowing about the sale of 21 medical centres to Sonic for around $200 million.”

“CBD has tracked down an asset shuffle that preceded the sale of four medical centres to Sonic Healthcare in 2011 for $40 million.”

2. The information provided here notably ‘asset shuffle’ by Colin Kruger such as figures stated are used to embellish the article. Please provide evidence of figures.

“ASIC documents reveal that the four centres were sold by two companies Millennium Management, and Lonnex, in February 2011, to a third- Lonnex & Millennium Management (LMM).”

“Millennium was due to receive $18 million for its two centres, Lonnex $22 million.

“So far so good.”

“But on that very same day, the two companies decided to forgive the $40 million debt owed to them by LMM for the medical centres.”

3. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures and dates.

“Not so good for the creditors at Lonnex and Millennium.”

“This included the tax office, which is claiming to be owed more than $2 million in tax by the two companies, and Victoria’s State Revenue Office (SRO) which wound up millennium over its unpaid debt.”

4. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures.

“In July that year, Edelsten, who controlled the three companies, offloaded LMM to Sonic for $40 million.
Last month, Millennium’s liquidators filed a statement of claim in the Supreme Court of Victoria to have the $18 million “forgiveness transaction” voided.”

5. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures.

“The company suffered detriment in the debt of $18 million, owed to It by the defendant, was forgiven,” the claim said.

“It also claims the forgiveness transaction was entered into at a time when Millennium was insolvent.”

6. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures.

“The defendant was a company in which Edelsten was financially, legally and commercially interested.” it said.”

“But it is the new owner, Sonic, which would now be hit with the $18 million bill for centres it has already paid for.”

7. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures.

“If the liquidators appointed to Lonnex follow suite, Sonic could be on the hook for $40 million – on top of the $40 million it has paid for these centres.”

“CBD called Sonic but got no reply on this matter. However, it is understood the multi-billion-dollar”

“ASX listed group is well aware of the court case.”

8. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures.

“At least Sonic investors can rest easy that the original $200 million figure provided by Edelsten was a little inflated.”

“CBD understand that the four centres and $40 million figure, which Edelston had to share with his business partners, covers entire sale to Sonic.”

“Edelsten himself, was reluctant to offer any official comment to CBD.”

9. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures.

ATO blow

“The good news for Sonic is that, so far, Lonnex has not shown the same appetite for action.”

“Minutes of a Lonnex creditors meeting held just before Christmas reported that they discussed the $22 million “deed of forgiveness and release” and a $1.87 million claim by the ATO.”

10. The information provided here by Colin Kruger notably the figures and the statement “Lonnex has not shown the same appetite for action” are used to embellish the article. Please provide evidence of figures.

“The liquidator, Ross McDermott, advised that it was a “voidable transaction” and “he was looking for funding to take further action”.

“One creditor representative, Michael Webb, proposed the motion “that the liquidator should not incur any further costs with respect to any action … with respect to the eligible forgiveness of debt” with LMM.”

11. The information provided here by Colin Kruger notably figures are used to embellish the article.

“It was seconded by Edelsten, as a creditor, and carried unanimously. It does not look like a third creditor, the tax office, has challenged the matter at this stage.”

“Not that it would be the first time the ATO has been short-changed by Edelsten.”

12. The information provided here notably “ATO has been short-changed by Edelsten” is used to by Colin Kruger to embellish the article.

“Edelsten recently settled his bankruptcy case, with creditors agreeing to take just a few cents in the dollar to wipe out more than $80 million of accrued debt.”

“The ATO and NAB wore among the creditors which agreed to accept a cosh settlement of just over $1 million.”

13. The information provided here by Colin Kruger notably figures are used to embellish the article. Please provide evidence of figures.

Geoffrey Edelsten Responds to Joanne Clements : The Herald Sun : Not What The Doc Ordered

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“US model Ashley Kirk says “she feels exploited and used” after Geoffrey Edelsten claimed the pair were in a relationship.”

1. The information provided here notably “exploited and used” are used to embellish the article.

“Kirk, 26, has spoken for the first time of Edelsten’s bizarre attempts to court her, after contacting her to ask if she was interested in playing one of his ex-wives in a movie.”

2. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence.

“She claims Edelsten repeatedly declared his love for her and told her he wanted to marry her even though they’d never met.”

3. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence.

“He said he could help me out with my career.” Kirk said.

“I thought that was really nice and now I feel like I’ve been hoodwinked. I want him to apologise. He’s made me look like a gold digger and I’m completely not. I’m upset about that I never wanted money. I never said that.”

4. The information provided here notably “gold digger” and “hoodwinked” are used by Joanne Clement to embellish the article.

“l feel taken advantage of and I definitely feel used. I’m not going after a 73- year-old man. He’s been going after me.”

5. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence.

“But Mr Edelsten has rejected Kirk’s version of events, describing them as all lies” and saying he had proof of how the relationship developed. He said there was “no proposal”.

“(The) text messages were from her. (I) have evidence of all the lies.” he said.

6. The information provided here is used by Joanne Clement to embellish the article.

“Kirk, who works as an actress and model in Los Angeles, said Edelsten first got in touch with her in August after seeing photos of her online.”

“She said he told her he wanted her to play the role of one of his ex-wives in a new movie about his life, and claimed The Mentalist actor Simon Baker would be playing him.”

7. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence.

“After initially chatting online, the pair began daily phone calls and text messages.”

“He seemed like a nice, smart guy who genuinely wanted to help my career” Kirk said.”

“He was very polite and very sweet”

“But Edelsten’s discussions about business opportunities soon turned into “romantic” declarations.”

8. The information provided here notably “romantic declarations” is used by Joanne Clement to embellish the article.

“He kept saying, ‘I love you’, and he even told me on the phone that he wanted to marry me. It was non stop .. I didn’t take it seriously.”

9. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence.

“He was very adamant about being in love with me. I said, ‘I love you too’, but I didn’t mean I was in love with him. I meant I loved talking to him. I was just being polite. l thought maybe he was just an older guy who was a bit lonely.”

10. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence.

“She said he asked her to attend the Melbourne Cup and emailed her a $6000 business class plane ticket – with a return date in January.”

“I was shocked when I saw the ticket I was like. ‘I’m not going to Australia for three months’. That’s when I told him I couldn’t go for that long and leave my dog.”

11. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence of figures.

“When a story about their relationship broke. Kirk said she was “blindsided”.

“I didn’t see it as anything more than a business relationship. I’ve never met him, so how could it be romantic?”

12. The information provided here notably “blindsided” is used by Joanne Clement to embellish the article.

“Kirk, who was still receiving text messages from Edelsten on the day she sat down for this interview, explained; “I feel like it’s made me look really bad and I’m just not that person. I feel hurt by what happened.”

13. The information provided here is used by Joanne Clement to embellish the article. Please provide your evidence.

Geoffrey Edelsten Responds to Wayne Flower : Herald Sun : Edelsten Acts For Himself

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“Former doctor Geoffery Edelsten has been forced to represent himself in one of Australia’s top courts in the latest chapter in his headline-grabbing fall from grace.”

The information provided above, notably “headline-grabbing fall from grace” by Wayne Flower is used to embellish the article.

“The former media-loving attention seeker, who draped himself in buxom blondes, appeared a tired old man outside the Federal Court in Melbourne yesterday.”

The use of language by Wayne such as “media-loving attention seeker”, “draped himself in buxom blondes” and “tired old man” is used to embellish the article.

“Edelsten had appeared in court where lawyers acting on behalf of the United States Bankruptcy Court were fighting to recover $1 million being held in a NAB trust fund by Edelsten’s former lawyers, Webb Korfiatis.”

“Edelsten declared himself bankrupt in Ohio in 2014.”

“Dressed in black with an outrageously coloured tie, Edelsten apologised to the Federal Court as he appeared at the bar table alongside three other lawyers.”

The use of language such as “outrageous” is used by Flower to embellish the article.

““Excuse me for not being represented,” he said.”

“Edelsten opposed any of the trust fund’s money being sent overseas.”

“The matter was adjourned until next month to allow all parties time to consider their positions. Outside court, Edelsten uncharacteristically objected to having his photograph taken. He asked for Herald Sun photographer David Caird’s camera, before saying that he was entitled to privacy and suggesting Caird could end up on his website.”

The information provided here by Wayne is used to embellish the article.

Geoffrey Edelsten Responds to Vanda Carson : Courier Mail : Bankrupt Geoffrey Edelsten still leading life of luxury thanks to his mum

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“DESPITE filing for bankruptcy in the US, Geoffrey Edelsten continues to live a life of luxury – and he says it is all being financed by his mum.”

1. The information provided here notably “financed by his mum” by Vanda Carson of The Courier Mail is used to embellish the article.

“Mr Edelsten, 71, has spent $1.5 million in the past eight months on personal and business expenses including first-class flights overseas, stays in luxury hotels and designer clothes.”

2. The information provided here by Vanda is used to embellish the article, please provide evidence of these figures.

“But Mr Edelsten told The Courier-Mail his lifestyle is being maintained by his 91-year-old mum Esther, who lives in a retirement home, and some generous friends.”

3. The information provided notably “lifestyle being funded by 91-year-old mum” and “generous friends” is used to embellish the article.

“He said he had made sacrifices to cut back on spending including giving up his Mercedes-Benz and private jet.”

“I didn’t pay for these expenses they were paid for by mother and other people close to me,’’ he said. “My mother has contributed a lot of money, she didn’t like seeing me being sad.”

“I will work very hard to see every dollar she has contributed will get repaid.’’

4. The information provided here is used to embellish the article, in particular “paid for by mother and other people close to me”. Vanda, Please provide your evidence.

“Mr Edelsten had to declare every dollar he has spent over the past nine months to the US bankruptcy court in the Southern District of Florida on September 5, as part of his chapter 11 bankruptcy protection.”

“He has handed over his credit card bills, obtained by The Courier-Mail, which provide an insight into his spending sprees at the world’s priciest hotels and retailers.”

“He has spent $73,000 on hotels including the Beverly Wilshire Hotel, the Plaza Athenee Hotel in New York, and lavished $44,215 on clothes for his then-wife Brynne and new squeeze Gabi Grecko, 25, at high-end retailers such as Louis Vuitton.”

5. The information provided here, notably expenditure figures and use of language such as “new squeeze” is used to embellish the article. Vanda, please provide evidence of figures.

“He has also paid $360 in fees to the dating website Sugar Daddy For Me, and consulted twice urologist Christopher Love, who claims to be “Australia’s foremost penile implant surgeon”.

6. The information provided here is used to embellish the article. Vanda, please provide evidence.

“He filed for protection from creditors in January during a bitter legal wrangle with his former business partners in a casino and fashion business, the Mawardi family”.

7. The information provided here notably “bitter legal wrangle” by Vanda is used to embellish the article.

“Mr Edelsten said he was not down to his last dollar but admitted he owed millions to the Australian Taxation Office, thousands to the Etihad Stadium for a corporate box at the footy, and $8000 to a Gold Coast real estate agent.”

8. The information provided here by Vanda, notably “owed millions to the Australian Taxation Office” is used to embellish the article.

“I expect if the bankruptcy trustee does his job all of them will be paid,” he said.

“He said he had returned his leased car to Mercedes- Benz last week to help slash his bills, but a kind “friend” loaned him a similar model.”

“Only two years ago Mr Edelsten boasted he was worth $64 million, with the majority of his wealth held in the secretive Norman South Trust.”

9. Information provided about loaned cars and figures of net worth are used by Vanda to embellish the article.

“But on September 3 his US bankruptcy trustee moved to seize control over his Australian assets – of which he claims he has very few.”

“The Trust owns an apartment at the Palazzo Versace on the Gold Coast, a Sydney luxury apartment worth $1.2 million and a factory in Melbourne – but it could be out of the reach of his creditors. Mr Edelsten has transferred control of the trust to two friends.”

“The Mawardi family lawyers have told the court they believe these “friends” are paying his bills.”

10. The information provided notably value of assets by Vanda is used to embellish the article. Vanda, please provide your evidence.

“Mr Edelsten claims his US assets include a share of a casino in the Dominican Republic – supposedly worth $2.5 million, an adjacent hotel and beachfront land, commercial properties in Florida and $2 million from the sale of his private jet. It is not known what has happened to a fleet of 25 cars Mr Edelsten boasted he owned two years ago.”

“The Mawardi family believe Mr Edelsten still owns some luxury cars, but he says they are mistaken.”

11. The information provided notably value of assets by Vanda is used to embellish the article. Vanda, please provide your evidence.

“He is due to appear in the US Bankruptcy Court in the Southern District of Florida next month to answer accusations that he committed criminal contempt of court by placing a caveat on his luxury Melbourne apartment. Mr Edelsten doesn’t deny taking out the caveat in July but said he withdrew it days later.”

12. The use of language such as “luxury” is used by Vanda to embellish the article.

EDELSTEN’S CREDIT CARD SPENDING

* Legal fees total, January-August 2014: $553,835

* Flights/travel total, July 2013-May 2014: $144,447 – mostly business-class flights to the US with Qantas, Singapore Airlines, Etihad, American Airlines, Virgin, US Airways

* Hotels total, July 2013-May 2014: $73,439 – includes $15,630 spent at Beverly Wilshire Hotel, Beverly Hills, on February 9, 2014, and $9429 spent at Beverly Wilshire Hotel, Beverly Hills on April 4, 2014, also stayed at Plaza Athenee Hotel in New York, and Westin Beach Resort in Fort Lauderdale

* Fashion total, July 2013-May 2014: $44,215 – includes $12,711 at Tom Ford in Beverly Hills in April 2014, $7,900 at Louis Vuitton in Melbourne in August 2014, $4,041 at BCBG MaxAzria in Beverly Hills in January 2014, $3809 at BCBG MaxAzria in Aventura Florid in September 2013. Also shopped at Chanel in New York, Yves Saint Laurent (Beverly Hills) and Prada (Beverly Hills), Victoria Secret, La Perla and Mimco

* Restaurants total, July 2013-May 2014: $37,659 – includes $24,000 at Sandringham Yacht Club in December 2013 and $4571 at Barneys New York restaurant in April 2014, dinner at celebrity chef Wolfgang Puck’s restaurant “Cut” within Beverly Wilshire

* Parking total, July 2013-May 2014: $29,941

* Entertainment total, July 2013-May 2014,$18,000 (AFL corporate box at Etihad Stadium, Carlton Football Club, Gold Class movies, Ticketek, magazines, website subscriptions), April 2014 paid $6154 to Carlton Football Club,

* Paid $41.91 to Cyprus-based dating website Lonely Hearts Meet.com in October 2013 and $40 to Cyprus based dating website Cougarlife.com in October 2013 and again in November 2013, monthly subscription to Sugar Daddy For Me website costs $59/month

* Beauty total, July 2013-May 2014: $8953 – includes $1550 for treatments at Adore spa in Beverly Hills in February 2014.

* Hairdressing at Telleish Hair Studio, Port Melbourne cost $1375 in November 2013 – includes online beauty/anti-ageing treatments and day spa treatments

* Healthtotal, July 2013- August 2014: $21,500 – urologist, eye surgeon, dentist, cardiologist, psychiatrist, pharmacy

* Dentist, $19,800 in October 2013

* Dr Christopher Love, urologist and penile implant surgeon $100 in August 2013 and $100 in March 2014

13. The information provided notably value of assets and expenditure figures by Vanda is used to embellish the article. Vanda, please provide your evidence of each.

ASSETS: WHAT HAS GONE

* Mercedes-Benz CL65 (2007 model) was leased and returned to Mercedes-Benz last week. A friend has given him a Mercedes SL350 (2007 model) to drive instead

* Sunseeker Predator (68-ft) motor boat, bought for $2.97m in Ma7 2007

* private jet – a Challenger 601-3A – worth $4 million – has been sold (it was owned by Edelsten’s US company N770GE LLC)

14. The information provided notably value of assets by Vanda is used to embellish the article. Vanda, please provide your evidence.

WHAT THE NORMAN SOUTH TRUST OWNS

* Apartment where Edelsten lives, at 181 Exhibition St, Melbourne

* Sydney apartment at Quay West building (rented out short term)

* House in Macquarie Fields, NSW

* Apartment in Palazzo Versace, Gold Coast.

15. The information provided by Vanda is used to embellish the article. Vanda, please provide your evidence.

EDELSTEN’S TRAVELS

August 2013 – Los Angeles/Las Vegas and Jakarta

September 2013 – Florida

November 2013 – Dallas/Fort Worth

January 2014 – Florida/Ohio/Los Angeles

February 2014 – Los Angeles/Ohio

March 2014 – Los Angeles/Ohio

April 2014 – Los Angeles/New York/Las Vegas

16. The information provided by Vanda is used to embellish the article. Vanda, please provide your evidence.

Edelsten Blog: Unsatisfactory Airline Services

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There are two matters associated with commercial aviation, and particularly, involving Australia’s national carrier, Qantas.

Government regulation permits only Qantas and United Airlines to fly directly to the United State’s West Coast.  Whilst Qantas flies Melbourne to Los Angeles directly, United conducts its flights via Sydney.

The lack of competition from other carriers willing to provide this service, results in obscenely high ticket prices, particularly when compared to flights to Europe, where there is significantly more competition.

Qantas has admitted that the flights to the U.S.A. result in large profits, compared with other routes.

It is bewildering that the Government has not taken action in the interests of the travelling public.

This brings me to the Qantas Frequent Flyer Program.
This widely promoted program, with a very large member base, continues to allow members to accumulate points, not only from flying, but from other diverse sources such as credit cards.

Despite some newspaper reports at the time of the farcical failure of the Qantas sale, that the Frequent Flyer Program would be revamped to make it fairer, and user-friendly, nothing further has been heard.   This program perpetrates a blatant fraud on its members.

Flights are most often unavailable, or classes are unavailable. 

Unless these elements are addressed, we, the travelling public should boycott this program.

Edelsten Blog: $400 Million to Duplicate Services

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The federal government yesterday announced $400 million to be spent for Superclinics with at least half providing 24 hour care.  The Labor party has already announced a similar policy.

Superclincs already exist.  Superclinic(s) is the registered trademark of the Allied Medical Group Ltd who conduct 24 hour Superclinics at Casey (Berwick) and Mill Park which are both in close proximity to public hospitals.  The Casey Superclinic being approximately 100 metres from the Casey Hospital and the Mill Park Superclinic being approximately 1.5 km from the Northern Hospital.

Allied Medical Group Ltd operates other Superclinics that are open 7 days a week – extended hours.  All their Superclinics bulk bill.

Other groups such as Primary Health provide similar extended hours care throughout Australia.

Instead of wasting taxpayers money duplicating existing facilities both political parties should engage GPs in all locations where they believe facilities and services should be expanded.

In Melbourne the Allied Medical Group with its 24 hour Superclinics and extended hours 7 day bulk billing medical centres in most outer metropolitan areas already provide the services that both parties envisage.

Private general practice is already in a position to provide these services at a fraction of the cost the politicians are willing to expend but are hindered by restrictions placed on qualified GPs being granted access to Medicare benefits in many suburbs.  The government of the day needs to review these arbitrary and highly restrictive regulations to allow those GPs willing to provide 24 hour services to be able to do so.