Found Deceased Australia - Karen Ristevski, 47, Melbourne, Vic, 29 June 2016 - #3

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  • #561
Well, it's definitely a situation that someone would understandably want to run away from. Imagine having all that debt, all that pressure to make the business a success, and being harangued by someone constantly because the sales figures aren't up. It'd be awful for anyone. I still hold a smidgen of hope that Karen did run away to regain her sanity but the suicide prospect is (sadly) looking more and more likely every time one of these bombshell articles is printed.

I do feel very sorry for Karen ... if she is (was?) as closed off to people as what I suspect, this would (have?) no doubt been eating her up on the inside, and I doubt she spoke to anyone about what she was going through. I get the sense that BR told her what was going to happen/what they would be doing, as opposed to them deciding together. He strikes me as a passive aggressive type (MOO - through face reading).
 
  • #562
"The husband of missing Melbourne woman Karen Ristevski gained control of her business a few months before she disappeared, and the couple’s business history has been marked with bitter disputes and allegations of *insolvent trading, The Weekend Australian can reveal." BBM

So with a 'history' of bitter disputes never mentioned to 'close' friends, it does appear that KR is private and says everything is fine to keep up appearances. Or because she was told to.

http://www.theaustralian.com.au/new...s/news-story/b1b9688adeee6dbd340e17d35eec2de6
 
  • #563
Funny how the obliquely accusatory rants are perfectly timed to coincide with the release of another explosive msm article.

Also interesting that in these rants, BR is referred to by name (not 'dad'). To make sure people know exactly to whom he is referring.
 
  • #564
So could this
http://www.news.com.au/national/vic...s/news-story/d67fcc3bf307f0709e62ba873a2be005
Last month The Australian reported the Ristevski family had been in about $600,000 debt for the past decade and real estate group Vicinity and financial company Perpetual lodged a caveat over the family’s $1.1 million home, meaning they can’t sell it or transfer it into another name.
The action was believed to have been taken because the family was falling behind in rent for the Broadmeadows store.

Be the reason why this was done
http://www.theaustralian.com.au/new...s/news-story/b1b9688adeee6dbd340e17d35eec2de6
Paperwork declaring Mr Ristevski had taken over from his wife as the sole director of *Warrant Brands, which is linked to her Bella Bleu fashion label, was filed with the Australian Securities & Investments Commission in March.
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”.

Now you wouldn’t be doing this if you planned to get rid of her, If the company wasn’t doing well.? To take on possible debt?
I cant remember if the house was under Karens name only? Don’t know how any of this legal stuff works, but could having separate ownership names on business and house be benefical incase business collapsed.

They would be getting advise from their accounts/lawyers as to what to do. Ownership transfers, trust accounts , new business names anything that would better help the Ristevskis financial position.

So for her legal friend Ms Bannister (we don’t know if Hall & Willcox were the Ristevskis business lawyer) to want to be involved in some sort of business venture to begin with, surely she would have given some legal advise to the Ristevskis to minimise losses or loosing assets . After all she was prepared to start up a new business venture. Im sure she wouldn’t have entered into this blindly without doing a historical check of their financial situation.

BBM: I don't think there was a 'plan' to get rid of Karen. But there may, perhaps, have been an angry reaction to Karen trying to leave on a more permanent basis.

Karen had a bad day. Did Karen have a bad day, or did the store have a bad day? Did the arguing start when she got home after the store's bad day? Had she finally just had it with the responsibility seemingly being lumped on her to 'do something' about it? Did she throw up her hands and say "You know what? I am leaving. That is it. I have had it."
 
  • #565
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”.

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

IMO The Australian has made this sound a bit more dramatic than it is.

If Karen is the sole shareholder of Warrant Brands Pty Ltd, she was probably also a Director. Borce can't just take over from what I know/have read, Karen would have to resign. As the sole shareholder she is ultimately in charge of who gets to be a Director, depending on the Constitution of the Company (Unlikely that it allows her replacement).

In many husband/wife businesses only one of them actually runs the business, the other is just a name only for reasons such as Taxation. IMO Karen's name has been used in these situations because of Borce's track record in business.

Karen doesn't really seem the business type to me, she probably just wanted to sell beautiful dresses in her shop and didn't get involved in all the other business issues.

Replaceable rules do not apply to sole member/director companies if the member/director is the same person. Please see s198E, 201F, 202C of the Corporations Act, for special provisions that apply to these companies.

http://asic.gov.au/for-business/sta...replaceable-rules/replaceable-rules-outlined/
 
  • #566
In many husband/wife businesses only one of them actually runs the business, the other is just a name only for reasons such as Taxation. IMO Karen's name has been used in these situations because of Borce's track record in business.

Karen doesn't really seem the business type to me, she probably just wanted to sell beautiful dresses in her shop and didn't get involved in all the other business issues.

RSBM

It is all so murky and messy, isn't it?
A bit John Chardon-ish (business-wise).
 
  • #567
Thanks emirates. I'm also interested in any building going on near Karen's house. Is the building you referred to as nearing lock-up stage on the vacant block next to Karen's place, shown in the screen grab below? (Source: Google Maps).

I'm curious to know if there were any builder's labourers etc. around at the time Karen allegedly went for her walk. I'm sure the police would have checked into this but it's still another avenue to explore.

am2A0rO.jpg

Hi there Makara......the house nearing lock up is right next to the vacant block.......the vacant land looks bigger than what it really is.
 
  • #568
  • #569
All very interesting. My thoughts, like others here, are all over the place.

On the one hand I think perhaps BR has murdered her BUT on the other I actually think that Karen has walked away and committed suicide. The pressure had been building for quite some time -

Slow sales
Can't afford to pay rent
Caveat on house
? Expense for Sarah's 21st party
The allegations by AR

It's a pressure cooker just waiting to explode.

Due to things occurring in my extended family at the moment I also think gambling may be involved - most probably BR trying to win some money to get them out of this situation but in fact it's really just digging a deeper hole for them.

Keeping up appearances in public when in reality everything behind closed doors is crumbling. In my recent experience when this happens people don't tell their friends they just carry on as normal. I honestly think Karen's close friends will be shocked when all the details about their business affairs are revealed.
 
  • #570
We all know how intrigued I am by the "she went upstairs, then came down and left through the garage" with no qualifiers or expansion, as in the rest of Borce's media statement.
So, now I am wondering if Karen went upstairs for quite a while, and started packing a suitcase. Or came down with a packed suitcase. And perhaps that did not happen at around 10am but much earlier.
Truth in what Borce said to the media, just lies by omission maybe?
 
  • #571
I just checked Google Earth (image date April 2014). There is a house at #17, then the vacant block, then their house at #23.
So the vacant block is/was #19 and #21, I think.

There are definitely two driveway entrances ready for 2 new houses - one on either side of the vacant land.

qqraiv.jpg

(Google Earth)

That's interesting - the house near lock up is a large brown brick residence. Which is next to the one as per above. Will take a closer look today.
 
  • #572
Aren't they just ... with the Herald Sun closely behind. Very interesting (not sure in what way, but interesting nevertheless).

I'm pasting the contents of the article ozazure as they (at first) look to only be accessible to subscribers:

The husband of missing Melbourne woman Karen Ristevski gained control of her business a few months before she disappeared, and the couple’s business history has been marked with bitter disputes and allegations of *insolvent trading, The Weekend Australian can reveal.

Company documents show Ms Ristevski’s company, Warrant Brands, is one of a series of business ventures in which she and husband Borce Ristevski have been involved, which include failed plans to sell pecan nuts to China and to sell a line of clothing using the name of former tennis star Mark Philippoussis.

Paperwork declaring Mr Ristevski had taken over from his wife as the sole director of *Warrant Brands, which is linked to her Bella Bleu fashion label, was filed with the Australian Securities & Investments Commission in March.

Mr Ristevski previously ran the similarly named company Warrant, which was closed by the Victorian Supreme Court in September 2012 after legal action by Ms Ristevski’s former best friend, lawyer Natalie Bannister, and Ms Bannister’s then partner, art dealer Mark Norton.

The liquidators appointed by the court, Bruno Secatore and Daniel Juratowitch of Cor Cordis, alleged to ASIC there was some evidence of insolvent trading — continuing to run a business while it is unable to pay its bills.

But ASIC took no action as a result of the May 2013 report.

Ms Bannister, who is a partner at Melbourne law firm Hall & Wilcox, Mr Norton and Mr Ristevski were directors of Korse International. It is believed the company was formed to sell Australian pecan nuts in China.

The partnership soured after a dispute over an alleged $100,000 loan Korse made to Warrant, and Mr Ristevski left Korse just before Christmas 2011.

The Weekend Australian has learnt Warrant was also the *vehicle through which Mr Ristevski explored setting up a clothing line using Philippoussis’s name. However, it is believed the tennis player’s then manager, Peter *Stoicos, backed out of the deal.

Mr Ristevski and his brother Vasko also co-owned Blue Laser Jean Company, which collapsed in 2000 owing almost $600,000, The Australian has reported.

Borce Ristevski has stridently defended his financial position and rejected any notion his family is heavily in debt.

He has told police his wife left the family home in Melbourne’s northwest at 10am on June 29 with $850 after an argument about the previous day’s till takings at the Bella Bleu shop. Mr Ristevski is said to be angry this has been characterised in the media as a disagreement over *“financial issues”.

A statement of affairs Mr *Ristevski filed with ASIC after Warrant was wound up paints a picture of the company as having little in hard assets but plenty of debt. Stock on hand — clothing including 200 pairs of flares, 58 pairs of short overalls and 72 fur-lined jackets — was valued on the books at $4000 but was expected to fetch just $100, he said.

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.

Mr Ristevski listed total assets of just $115,000, mostly debts he appeared to think were unrecoverable, including $27,000 owed by Mr Stoicos.

It is believed police have not *interviewed Ms Bannister, Mr Norton or Mr Stoicos, who all *declined to comment to The Weekend Australian.

In March 2012, five months* *before Korse asked the court to wind up Warrant, Ms Ristevski set up the new company, Warrant Brands. She was the sole director and shareholder.

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.

The intense interest in the case has dragged the family’s personal affairs into the spotlight.

Allegations of an “unnatural” relationship between Ms Ristevski and her stepson, Anthony Rickard, have been unearthed and aired in public, although other family members dispute Mr Rickard’s version of events.

Mr Ristevski has even endured being asked at a televised press conference whether he killed his wife, a question he answered with stunned silence.

One family member suspected police of leaking confidential *information about the case to the media.

Amid intense media scrutiny, police have spent eight weeks seeking Ms Ristevski, twice searching the Maribyrnong River for her body. However, detectives seem no closer to finding her, dead or alive.

Ms Ristevski’s family is divided on her fate.

While police have not ruled out foul play, Mr Rickard, who is an ice addict, said he believed his stepmother had simply walked away. His police statement, *obtained by The Australian, painted the relationship between his *father and stepmother as strained, saying they had stayed together only for money, image and their 21-year-old daughter Sarah.

Other relatives rejected the notion she would leave Sarah, with the two said to be close.

Family friends on social media have also poured scorn on claims made by Mr Rickard, with many saying his story has no credibility.

Concern for Ms Ristevski’s welfare overflowed on the Facebook page of Love Your Sister, the breast cancer charity run by actor Samuel Johnston in honour of his sister Connie.

Ms Ristevski “kindly donated mastectomy-friendly frocks from her own designer range Bella Bleu Boutique Melbourne so I could feel good at all the fundraisers” in 2013, Ms Johnston said in a post. “We’ve laughed together, dressed and undressed together, and shared our highs and lows’’.

A Victoria Police spokes*woman said the Missing Persons Squad’s investigation remained ongoing. “There are no updates,’’ she said.

Eek! Another 'setting the cat among the pigeons' moment. My suspenders are killing me.
 
  • #573
We all know how intrigued I am by the "she went upstairs, then came down and left through the garage" with no qualifiers or expansion, as in the rest of Borce's media statement.
So, now I am wondering if Karen went upstairs for quite a while, and started packing a suitcase. Or came down with a packed suitcase. And perhaps that did not happen at around 10am but much earlier.
Truth in what Borce said to the media, just lies by omission maybe?

Maybe it was as simple as going upstairs to clean her teeth before she left the house.
Maybe she removed her wedding rings.
Maybe she put on jewellery
Maybe she took a pen and paper from a home office
Maybe it was to get her handbag, glasses, scarf, jacket etc etc
Maybe Sarah was sleeping and she went to see her one last time
Maybe it was to say goodbye to Sarah

There are thousands of possibilities
 
  • #574
Maybe it was as simple as going upstairs to clean her teeth before she left the house.
Maybe she removed her wedding rings.
Maybe she put on jewellery
Maybe she took a pen and paper from a home office
Maybe it was to get her handbag, glasses, scarf, jacket etc etc
Maybe Sarah was sleeping and she went to see her one last time
Maybe it was to say goodbye to Sarah

There are thousands of possibilities

Yes there are. But I am looking at it in terms of Karen's disappearance likely being a homicide - which is my personal opinion. It sounds as if it was the last thing she did before she disappeared. And, apparently, the last one to see her was her arguing husband. It could well be separation violence.

It seems that women are much safer leaving the home (permanently) when their partner is not home, or if they have someone with them helping them to leave.

I don't have a hard time believing that a woman who has walked out to cool down (or avoid escalation into a much worse fight?) many times may finally try to walk out permanently.


ETA: I also think The Australian is assisting police with their recent articles. As per the latest article, a family member believes that police have leaked confidential info ... I believe that too.
 
  • #575
Forensic accounting. If my memory serves me correctly, it has been done in a few missing persons cases that I have followed. Eg: Novy Chardon's case, and I think in Jennifer Ramsaran's case too.


A Forensic Accountant is often retained to analyze, interpret, summarize and present complex financial and business related issues in a manner which is both understandable and properly supported.

Forensic Accountants can be engaged in public practice or employed by insurance companies, banks, police forces, government agencies and other organizations.


http://www.forensicaccounting.com/three.htm

BBM
 
  • #576
They like dropping this on a saturday, have all week to work on it thats twice now.

Some weeks ago i couldn't work out when the brothers spilt one went on and up and the other downhill.

I dont know whether they had dodgy loans, as all the figures seem not too add up.
 
  • #577
Yes there are. But I am looking at it in terms of Karen's disappearance likely being a homicide - which is my personal opinion. It sounds as if it was the last thing she did before she disappeared. And, apparently, the last one to see her was her arguing husband. It could well be separation violence.

It seems that women are much safer leaving the home (permanently) when their partner is not home, or if they have someone with them helping them to leave.

I don't have a hard time believing that a woman who has walked out to cool down (or avoid escalation into a much worse fight?) many times may finally try to walk out permanently.


ETA: I also think The Australian is assisting police with their recent articles. As per the latest article, a family member believes that police have leaked confidential info ... I believe that too.

(BBM) - Hmmm ... maybe someone picked her up? ... And there is something to the affair rumour?

I feel like I'm reading an episode of 'Midsomer Murders'.
 
  • #578
SouthAussie, you're on fire today! :takeabow:
 
  • #579
I know this information is swaying me back to domestic murder ... whether that is the goal of the piece or not ... I have no doubt that this is written with an agenda because that is some dense financial information for a missing person's news story, going back some years. It is like they are goading Borce. Someone is definetely interacting with that paper. The others just report what they've come out with.

Be interesting to see if the Where is Karen Ristevski? group posts this article.
 
  • #580
They like dropping this on a saturday, have all week to work on it thats twice now.

Some weeks ago i couldn't work out when the brothers spilt one went on and up and the other downhill.

I dont know whether they had dodgy loans, as all the figures seem not too add up.

I get the impression that The Australian reporters are investigative journalists. But if they're this good then if Karen was still alive and/or had run off with someone, surely they would have sniffed that information out somehow?
 
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