It has happened before and it will happen again.
Had some one checked him out they would have found the truth . Not everything is revealed with hind sight.
The herald story A man with the gift of the gab sets out the story nicely,
Chris Koch and his wife Bianca conned many including some pretty high profile companies with the New Zealand sales Institute .
Tuesday 15 June 2010
Former high profile motivational speaker, Mr Christopher Philip Koch, has been found guilty in the Melbourne County Court on charges brought by ASIC.
Mr Koch, of Point Cook, Victoria, was found guilty on Friday 11 June 2010, after a nine week trial on 15 counts of obtaining property by deception and seven counts of obtaining a financial advantage by deception totaling $1,152,000. Mr Koch was also charged with one count of making an offer or invitation in a prescribed interest scheme totaling $1,742,000.
Between 1996 and 1999, Mr Koch promoted a fictitious, international, high-yield investment program where investors were told they would receive returns of between 50 and 150 per cent in periods as short as 90 days. Mr Koch received $1,742,000 from 11 victims. ASIC’s investigation revealed that he used most of these funds for his own purposes.
Mr Koch has been remanded in custody to a date to be fixed for sentencing. He will return to the Melbourne County Court on 16 June 2010 for pre-sentencing submissions.
ASIC acknowledges the support of the Commonwealth Director of Public Prosecutions who prosecuted the matter.
On 7 June 2001, ASIC executed a search warrant on Mr Koch’s residence. In July 2001, Mr Koch left Australia. After traveling through Asia, the United Kingdom, and North and South America, Mr Koch settled in Auckland, New Zealand, in early 2004 and set up a business called the New Zealand Sales Institute. In December 2006, Mr Koch was arrested by New Zealand Police and was subsequently extradited to Australia on 10 January 2007.