Found Deceased Australia - Karen Ristevski, 47, Melbourne, Vic, 29 June 2016 - #11

[SouthAussie]

http://abr.business.gov.au/SearchByAbnHistory.aspx?abn=11633225674

???????

I notice that this ABN also covered a cleaning business - City West Cleaning Services.
As well as the transport business.

Handy knowledge to have if you needed to clean something really well ... say, forensic traces in your home and/or car.

 

[SouthAussie]

Yep , some of his businesses are just linked to residential addresses. I suppose if the businesses set up don't need a shop front trading place it just gets linked to "one of" your residential addresses.
Are we sure he has a mistress? Was this based on seeing him with the "lady" at the supermarket. Was there some sort of intimacy which indicated she wasn't a relo.

BBM

If he uses/used a residential address as a registered ABN address (as a shop front is not required, as you say) he would have the additional benefits of using expenses for an area of the home as a business office deduction ... as he could make a room into an 'office' there.

So, perhaps, 1/6 of the mortgage/rent expense could be claimed as a business expense. Same with water/electricity/gas/council rates/some maintenance costs/etc. All part of the business upkeep.

 

[SouthAussie]

I have to say, all of these varying business enterprises has got me thinking 'tax shelter(s)'.

Pecan nuts, manufacture and distribution of jeans apparel, transportation, cleaning services, investment enterprise, design/retail sales/distribution of women's clothing in at least several locations, Uber driving ..... insolvency ...... what else?

If Ole Borce is happy to pay a top criminal lawyer to sort out the implication of his possible involvement in the murder of his wife, I am sure he'd be happy to pay a decent accountant to do all they could to minimise/negate tax expenses.

 

[CalliopeGG]

I have to say, all of these varying business enterprises has got me thinking 'tax shelter(s)'.

Pecan nuts, manufacture and distribution of jeans apparel, transportation, cleaning services, investment enterprise, design/retail sales/distribution of women's clothing in at least several locations, Uber driving ..... insolvency ...... what else?

If Ole Borce is happy to pay a top criminal lawyer to sort out the implication of his possible involvement in the murder of his wife, I am sure he'd be happy to pay a decent accountant to do all they could to minimise/negate tax expenses.

Or money laundering! How do you come out of a failed jeans business, owing $600,000 and continue to maintain a flash house, set up wife's high end fashion business, pay for international travel in business class, provide private school education, and nice cars for everyone? JMO

 

[CalliopeGG]

I guess, to me, money laundering suggests covering up the profits of illegal enterprise. I haven't yet seen or heard any evidence of that. Just shaky business dealings, failed venture after failed venture, big debts, the keeping up of appearances instead of repaying debts.

If there was some successful illegal enterprise, I think the massive debts would perhaps not exist.

I personally think tax evasion is more likely. Leaves more money in the pocket to spend, while not repaying the bad debts to keep themselves looking squeaky clean to the ATO.

I was referring to dodgy dealings of which I have no evidence of, just guessing because of his character type. I don't understand the tax evasion thing. Would it allow one to go on and live quite a luxurious lifestyle whilst still owing tons? How would they ever get credit?

 

[SouthAussie]

Or money laundering! How do you come out of a failed jeans business, owing $600,000 and continue to maintain a flash house, set up wife's high end fashion business, pay for international travel in business class, provide private school education, and nice cars for everyone? JMO

I guess, to me, money laundering suggests covering up the profits of illegal enterprise. I haven't yet seen or heard any evidence of that. Just shaky business dealings, failed venture after failed venture, big debts, the keeping up of appearances instead of repaying debts.

If there was some successful illegal enterprise, I think the massive debts would perhaps not exist.

I personally think tax evasion is more likely. No paying of taxes for business losses, minimise paying of taxes if you can claim a legitimate tax shelter (eg: paying unreasonably high interest rates to a related party, allowable deductions exceed assessable income)

This can leaves more money in the pocket to spend, while not repaying the bad debts to keep themselves looking squeaky clean to the ATO (which I would think they'd want to do, if there were illegal activities).

 

[SouthAussie]

I was referring to dodgy dealings of which I have no evidence of, just guessing because of his character type. I don't understand the tax evasion thing. Would it allow one to go on and live quite a luxurious lifestyle whilst still owing tons? How would they ever get credit?

Sorry, I took down and rewrote my post .. so we are a bit out of synch here. lol Check my post above this one.

There are legitimate tax shelters that allow people to continue business dealings and even create further businesses. Think Donald Trump and other 'high-flying' businessmen. It is a legal process that people often take advantage of, with the assistance of a good accountant.

As one of my business clients says, you are only as good as your accountant (at benefiting yourself).

Anyway, it is just a thought. Seeing as Borce is so protective of his financial appearance.

 

[CalliopeGG]

Sorry, I took down and rewrote my post .. so we are a bit out of synch here. lol Check my post above this one.

There are legitimate tax shelters that allow people to continue business dealings and even create further businesses. Think Donald Trump and other 'high-flying' businessmen. It is a legal process that people often take advantage of, with the assistance of a good accountant.

As one of my business clients says, you are only as good as your accountant (at benefiting yourself).

Well he was good at something then wasn't he or his accountant was! So you just keep opening new businesses, run them at a loss and use that loss to pay off your original debt? Is that how he would operate?

 

[SouthAussie]

Well he was good at something then wasn't he or his accountant was! So you just keep opening new businesses, run them at a loss and use that loss to pay off your original debt? Is that how he would operate?

Well, his financial losses would have freed up more money .. as it could have meant some tax avoidance. So, no paying of much/any taxes. But my accounting skills aren't elevated enough to work out how it all works together.

I just am suspicious of all these interwoven business enterprises. Did the transport company distribute the jeans and women's clothing apparel? Did the investment company provide funds for the business enterprises? Did the cleaning company clean all of their business properties? Did Borce's company pay Borce's company pay Borce's company pay Borce's company?

.

 

[sosocurious]

Well, his financial losses would have freed up more money .. as it could have meant some tax avoidance. So, no paying of much/any taxes. But my accounting skills aren't elevated enough to work out how it all works together.

I just am suspicious of all these interwoven business enterprises. Did the transport company distribute the jeans apparel? Did the investment company provide funds for the business enterprises? Did the cleaning company clean all of their business properties? Did Borce's company pay Borce's company pay Borce's company pay Borce's company?

Meanwhile, debts totalled more than $800,000. This included almost $500,000 owed to Westpac and about $230,000 owed to the Ristevskis.

Korse was owed $40,000, although Mr Ristevski also claimed that at the same time it owed Warrant more than $60,000..............................
On March 21 this year, the company’s accountant filed paperwork recording Mr Ristevski had replaced his wife as director on February 23. Ms Ristevski remains the shareholder. Mr Ristevski certified the information in the form was “true and complete”.

He declined to comment yesterday on any business affairs, which he previously has accused The Australian of misreporting.

http://www.theaustralian.com.au/new...s/news-story/b1b9688adeee6dbd340e17d35eec2de6

 

[SouthAussie]

Meanwhile, debts totalled more than $800,000. This included almost $500,000 owed to Westpac and about $230,000 owed to the Ristevskis.

Korse was owed $40,000, although Mr Ristevski also claimed that at the same time it owed Warrant more than $60,000..............................
On March 21 this year, the company’s accountant filed paperwork recording Mr Ristevski had replaced his wife as director on February 23. Ms Ristevski remains the shareholder. Mr Ristevski certified the information in the form was “true and complete”.

He declined to comment yesterday on any business affairs, which he previously has accused The Australian of mis*reporting.

http://www.theaustralian.com.au/new...s/news-story/b1b9688adeee6dbd340e17d35eec2de6

And he had resorted to a loan shark on two occasions, plus store closures and Uber driving. So his financial wranglings may have finally hit the skids.

 

[sosocurious]

And he had resorted to a loan shark on two occasions, plus store closures and Uber driving. So his financial wranglings may have finally hit the skids.

He had to resort to a loan shark on two occasions ......... that we are aware of. jmo

Trademarks - there were many sought by Borce/Boris in the years from 1986, the last being Bella Bleu in 2009 it does seem.

https://appliedmarks.com.au/browse/tm/trademarks-owned-by-borce,+ristevski/

I also find it interesting that Borce had Warrant Pty Ltd up and running just before Blue Laser's collapse.
As you say create further businesses. Out with the old and in with the new.

Warrant Pty Ltd
Registered - 1 July 2000
Cancelled - 30 Sept 2015
De-registered - 22 May 2016

Blue Laser jeans Company
ABN Reg - 24 Nov 2000
Liquidated - 10 April 2001
Cancelled - 4 Jan 2002
De- registered - 7 April 2002

https://connectonline.asic.gov.au/R...Type=OrgAndBusNm&_adf.ctrl-state=8d3move64_15
http://abr.business.gov.au/SearchByAbnHistory.aspx?abn=16006770190

https://connectonline.asic.gov.au/R...Type=OrgAndBusNm&_adf.ctrl-state=8d3move64_32
http://abr.business.gov.au/SearchByAbnHistory.aspx?abn=62054396468#

 

[sosocurious]

Or money laundering! How do you come out of a failed jeans business, owing $600,000 and continue to maintain a flash house, set up wife's high end fashion business, pay for international travel in business class, provide private school education, and nice cars for everyone? JMO

As well as buy another property for 430K?

 

[Itsapuzzle]

Spontaneous question ...... has anyone investigated VRs business stuff, wondering what he's had going on?

Sent from my SM-T550 using Tapatalk

 

[sosocurious]

Spontaneous question ...... has anyone investigated VRs business stuff, wondering what he's had going on?

Sent from my SM-T550 using Tapatalk

Investing in race horse syndicates.
Maybe he was driving the transport vehicle(s). I noted there were only 2 employees ... post 164.
jmo

 

[Itsapuzzle]

Investing in race horse syndicates.
Maybe he was driving the transport vehicle(s). I noted there were only 2 employees ... post 164.
jmo

Ah, thanks sosocurious, I'll check back at that .... I seem to recall something about a shifty character VR was in business with too, some restaurant, can"t recall at this point .... shall review posts, ☺

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[insanity]

And he had resorted to a loan shark on two occasions, plus store closures and Uber driving. So his financial wranglings may have finally hit the skids.

I must have missed the loan shark bit. Is there any links?

 

[insanity]

There's been some great sleuthing going on. Thanks everyone.

 

[sosocurious]

I must have missed the loan shark bit. Is there any links?

In August last year, Mr Ristevski gave a rare media interview during which he attempted to refute suggestions his wife had fled because of financial pressure.

Her Broadmeadows boutique Bella Bleu had closed in February last year, caveats had been placed on the family home by lenders and Borce had sought funding from a notorious Melbourne loan shark on at least two occasions.

But he refused to reveal what had caused his wife of 25 years to leave, never to return.

In the same link Vasko opinion is quoted as
Mrs Ristevski brother-in-law, Vasko Ristevski, 56, claimed the missing mother had fled overseas on a fake passport and defended his brother Borce.

He told the Herald Sun "a lot of husbands" kill their wives "but no way is Borce capable of that".

"I don't think she will come back, I reckon she's gone for good," he said.

http://www.theage.com.au/victoria/k...y-that-gripped-melbourne-20170220-guh7mq.html

 

[insanity]

In August last year, Mr Ristevski gave a rare media interview during which he attempted to refute suggestions his wife had fled because of financial pressure.

Her Broadmeadows boutique Bella Bleu had closed in February last year, caveats had been placed on the family home by lenders and Borce had sought funding from a notorious Melbourne loan shark on at least two occasions.

But he refused to reveal what had caused his wife of 25 years to leave, never to return.

In the same link Vasko opinion is quoted as
Mrs Ristevski brother-in-law, Vasko Ristevski, 56, claimed the missing mother had fled overseas on a fake passport and defended his brother Borce.

He told the Herald Sun "a lot of husbands" kill their wives "but no way is Borce capable of that".

"I don't think she will come back, I reckon she's gone for good," he said.

http://www.theage.com.au/victoria/k...y-that-gripped-melbourne-20170220-guh7mq.html

Thank you, now I remember.