KungFooGoo
Gangster
Did you want to buy KFG's house when it's built to add to your portfolio... Mates rates...
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P.A., G.P.C. and CAPO differences?
Did you want to buy KFG's house when it's built to add to your portfolio... Mates rates...
Shrek
Fucked up Kunce
Repacked
Punxsutawney resident
Seeking source.
Fuzzy
New member
Repacked
Punxsutawney resident
Brb...
Karak
New member
Timeah
Captain Kunce
No.
The Hamburgler
Spotter Loader
Didn't CAPO ditch it's WPC affiliation at the start of the year or am I missing something?
Kyle Aaron
Active member
Looks like they got it back. Now, the money...
Sticky
Active member
You're missing something.
spartacus
Well-known member
thought this was an interesting read.
[h=5]CAPO Powerlifting Australia
[/h]March 24 at 4:40am ·
Well this looks like as good a place as any for me to break my silence. Everything you read is fact. I can back up every single thing I speak of with documented proof that is legally sound.
GPA Worlds was a massive failure, despite what the organisers would have you think. CAPO was left with $230,000+ worth of debt to creditors. Myself being the largest creditor who was owed $170,000+. CAPO was on the brink of extinction. A restructure was agreed to with the forming of the new CAPO that took on the good will of the previous. In effect Wayne Howlett owned the old CAPO and I owned the new.
It came to my attention that members of the committee, led by Karen Coliero had taken steps to try and circumvent the agreed corporate restructure and form their own federation. This led me to investigate further into CAPOs previous financial situation and it wasn’t pretty.
The most distressing thing I uncovered was that CAPO for up to 3 years had never lodged any tax return. No quarterly BAS statements, no income tax and no GST. It wasn’t even registered for GST. Not one receipt had ever been issued by CAPO. THIS IS TAX EVASION. All funds that had gone to CAPO for membership, entry fees and sponsorship was going directly into Karen Coleiro’s private bank accounts. You all have evidence of this, just look at the account name on any payment you made to CAPO, you will notice Karen’s name on all of them. THIS IS TAX FRAUD. These tax implications add up to hundreds of thousands of dollars. Criminal charges and jail time are a real possibility.
Where has all the money gone?? Not a cent came to me, the largest creditor owed money. Your guess is as good as mine. There is no financial records at all. No profit and loss, no Monthly income statements, nothing. Not a single piece of evidence to prove anything. Repeated Not even a bank statement has been provided. Karen was given a chance to provide this information and she did not or would not. She was stood down and voted out by a committee of her peers. Other committee members stood down at their own volition.
The ex-members of the committee then continued with their forming of the new federation. They stole the WPC affiliate and started WPC Australia. They were found out to be lying by the WPC and the affiliate was stripped from them and reinstated to CAPO.
Do with this information as you will I have nothing to hide. I will happily make all my records available to the authorities and the tax man when he comes knocking, and he will come knocking it’s only a matter of time.
Let me make this final statement to address anyone questioning my commitment to the sport. I’m a businessman and in the short time I’ve been involved in powerlifting I have invested over $250,000 into the sport. In forms of sponsorship for both athletes, competitions and federations. A level of sponsorship that has never been done before. Like me or hate me I have done more for the sport financial in this country than anyone ever before in such a time frame. Despite the huge financial setback I have incurred I still continue to contribute with all my sponsorships and now to rebuilding CAPO. For people who want to challenge my integrity or honesty and attack me personally on social media without even knowing me, a little about myself. I served in the Australian Army for 8 years, a veteran of Iraq and Afghanistan. I also held one of the country’s highest top secret clearances. In short I have very real, credible background.
Regards,
Steve Harris
https://www.facebook.com/permalink.php?story_fbid=866367546743360&id=240276079352513
[h=5]CAPO Powerlifting Australia
[/h]March 24 at 4:40am ·
Well this looks like as good a place as any for me to break my silence. Everything you read is fact. I can back up every single thing I speak of with documented proof that is legally sound.
GPA Worlds was a massive failure, despite what the organisers would have you think. CAPO was left with $230,000+ worth of debt to creditors. Myself being the largest creditor who was owed $170,000+. CAPO was on the brink of extinction. A restructure was agreed to with the forming of the new CAPO that took on the good will of the previous. In effect Wayne Howlett owned the old CAPO and I owned the new.
It came to my attention that members of the committee, led by Karen Coliero had taken steps to try and circumvent the agreed corporate restructure and form their own federation. This led me to investigate further into CAPOs previous financial situation and it wasn’t pretty.
The most distressing thing I uncovered was that CAPO for up to 3 years had never lodged any tax return. No quarterly BAS statements, no income tax and no GST. It wasn’t even registered for GST. Not one receipt had ever been issued by CAPO. THIS IS TAX EVASION. All funds that had gone to CAPO for membership, entry fees and sponsorship was going directly into Karen Coleiro’s private bank accounts. You all have evidence of this, just look at the account name on any payment you made to CAPO, you will notice Karen’s name on all of them. THIS IS TAX FRAUD. These tax implications add up to hundreds of thousands of dollars. Criminal charges and jail time are a real possibility.
Where has all the money gone?? Not a cent came to me, the largest creditor owed money. Your guess is as good as mine. There is no financial records at all. No profit and loss, no Monthly income statements, nothing. Not a single piece of evidence to prove anything. Repeated Not even a bank statement has been provided. Karen was given a chance to provide this information and she did not or would not. She was stood down and voted out by a committee of her peers. Other committee members stood down at their own volition.
The ex-members of the committee then continued with their forming of the new federation. They stole the WPC affiliate and started WPC Australia. They were found out to be lying by the WPC and the affiliate was stripped from them and reinstated to CAPO.
Do with this information as you will I have nothing to hide. I will happily make all my records available to the authorities and the tax man when he comes knocking, and he will come knocking it’s only a matter of time.
Let me make this final statement to address anyone questioning my commitment to the sport. I’m a businessman and in the short time I’ve been involved in powerlifting I have invested over $250,000 into the sport. In forms of sponsorship for both athletes, competitions and federations. A level of sponsorship that has never been done before. Like me or hate me I have done more for the sport financial in this country than anyone ever before in such a time frame. Despite the huge financial setback I have incurred I still continue to contribute with all my sponsorships and now to rebuilding CAPO. For people who want to challenge my integrity or honesty and attack me personally on social media without even knowing me, a little about myself. I served in the Australian Army for 8 years, a veteran of Iraq and Afghanistan. I also held one of the country’s highest top secret clearances. In short I have very real, credible background.
Regards,
Steve Harris
https://www.facebook.com/permalink.php?story_fbid=866367546743360&id=240276079352513