Infiltrator Posted February 28, 2012 Report Share Posted February 28, 2012 ...Arguably the skippers drive was greed from the extra fish they sold (& paid tax on) but surely it would have been difficult for the MD's of the factory to benefit personally? What I'm trying to say is presumably the extra fish was just extra business and extra work for the factory? But surely extra business and extra work equates to additional profits and it may well have been the case that the Managing Director owned ordinary and/or preference shares thereby gaining personally on share dividend payments? Yes, but what I don't understand is that the MD's of Catch took a much bigger risk than the individual skippers, by making the entire fraud possible, but presumably didn't personally gain anything like individual skippers did? Will this be a case of 'if you don't buy my black fish I'll sell them, plus my quota, elsewhere'? I can't fathom out if Shetland Catch were the perpetrators of the whole scam, or if the factory were effectively held to ransom by the whole black fish culture - over to the court to find out I suppose. Link to comment Share on other sites More sharing options...
ArabiaTerra Posted February 28, 2012 Report Share Posted February 28, 2012 ...Arguably the skippers drive was greed from the extra fish they sold (& paid tax on) but surely it would have been difficult for the MD's of the factory to benefit personally? What I'm trying to say is presumably the extra fish was just extra business and extra work for the factory? But surely extra business and extra work equates to additional profits and it may well have been the case that the Managing Director owned ordinary and/or preference shares thereby gaining personally on share dividend payments? Yes, but what I don't understand is that the MD's of Catch took a much bigger risk than the individual skippers, by making the entire fraud possible, but presumably didn't personally gain anything like individual skippers did? Will this be a case of 'if you don't buy my black fish I'll sell them, plus my quota, elsewhere'? I can't fathom out if Shetland Catch were the perpetrators of the whole scam, or if the factory were effectively held to ransom by the whole black fish culture - over to the court to find out I suppose.I would imagine the facilitators in the factory received a few brown envelopes passed under the table for their trouble... if you know what I mean. Link to comment Share on other sites More sharing options...
Ghostrider Posted February 28, 2012 Report Share Posted February 28, 2012 ...Arguably the skippers drive was greed from the extra fish they sold (& paid tax on) but surely it would have been difficult for the MD's of the factory to benefit personally? What I'm trying to say is presumably the extra fish was just extra business and extra work for the factory? But surely extra business and extra work equates to additional profits and it may well have been the case that the Managing Director owned ordinary and/or preference shares thereby gaining personally on share dividend payments? Yes, but what I don't understand is that the MD's of Catch took a much bigger risk than the individual skippers, by making the entire fraud possible, but presumably didn't personally gain anything like individual skippers did? Will this be a case of 'if you don't buy my black fish I'll sell them, plus my quota, elsewhere'? I can't fathom out if Shetland Catch were the perpetrators of the whole scam, or if the factory were effectively held to ransom by the whole black fish culture - over to the court to find out I suppose. SFPO were and still are a "main" Catch shareholder, SFPO members are, along with others, the boats in question..... What would you do if some of your collective bosses put you in the M.D's position....or the M.D. of a company you were one of the bosses of, made you a "proposition" of the nature in question... What occured required a "cooperation" and "understanding" between the two sides, as you say, exactly who tempted who *may* become clearer when Catch have their day in court, but I wouldn't hold my breath. Like any legal wrangle, what cannot be circumvented will be, and as for the rest, its damage limitation with the scapegoats arranged to take whatever fall is necessary to achieve the "best" outcome, the truth will be barely incidental. Link to comment Share on other sites More sharing options...
scoots Posted February 28, 2012 Report Share Posted February 28, 2012 They "don't have a parking ticket between them"?? Who does these days? How long has it been since we had a Warden (short blip much trumpeted aside)? What does it matter if they have parking tickets or not? You could spend your whole life keeping within ALL the laws o the land, but the second you break one as serious - or, in this case, so highly profitable - you're a criminal, simple. It IS the Fred-the-Shred mentality I spoke of before. Bloody hell, look at all the furore over MPs reaming us all with their dodgy expenses??! No sympathy for any of THEM, was there? Where were all these concerned, sympathetic folk then?? At the front of the mob, more than likely. And THAT was tens of thousands (each!), for the most part, not hundreds of them, or millions, like in this case. "If you can't take the time, don't do the crime" Link to comment Share on other sites More sharing options...
Dratsy Posted February 28, 2012 Report Share Posted February 28, 2012 ...Arguably the skippers drive was greed from the extra fish they sold (& paid tax on) but surely it would have been difficult for the MD's of the factory to benefit personally? What I'm trying to say is presumably the extra fish was just extra business and extra work for the factory? But surely extra business and extra work equates to additional profits and it may well have been the case that the Managing Director owned ordinary and/or preference shares thereby gaining personally on share dividend payments? Yes, but what I don't understand is that the MD's of Catch took a much bigger risk than the individual skippers, by making the entire fraud possible, but presumably didn't personally gain anything like individual skippers did? Will this be a case of 'if you don't buy my black fish I'll sell them, plus my quota, elsewhere'? I can't fathom out if Shetland Catch were the perpetrators of the whole scam, or if the factory were effectively held to ransom by the whole black fish culture - over to the court to find out I suppose.I would imagine the facilitators in the factory received a few brown envelopes passed under the table for their trouble... if you know what I mean. That sounds very much like a direct accusation of criminal activity there arabia, would you care to back that up with some proof like maybe a few links to your favourite interweb site for such things.lets hope no one from the factory reads this and decides to call you on it Link to comment Share on other sites More sharing options...
paulb Posted February 28, 2012 Report Share Posted February 28, 2012 not the workers fault. however it would take more than two people to run the scam. Link to comment Share on other sites More sharing options...
Ghostrider Posted February 28, 2012 Report Share Posted February 28, 2012 ^^ Won't argue with that. The only problem I have is that none of the two and the rest were me, So I've not gotten a cut on the deal. Link to comment Share on other sites More sharing options...
icepick239 Posted February 29, 2012 Report Share Posted February 29, 2012 Mendacious... Thank's Hugh. Link to comment Share on other sites More sharing options...
MuckleJoannie Posted April 17, 2012 Report Share Posted April 17, 2012 Shetland Catch are in court this week http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-17743188 A Shetland company at the heart of a major "black fish" scam has claimed participation left them millions of pounds out of pocket. Link to comment Share on other sites More sharing options...
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