The directors of the USA company then sold the UK company assets to
> the USA for circa 100 pounds in a clear move to ensure the
> administrators of Company A get bugger all from it. I beleive that
> transaction to be an undersale, as it had monthly billing of over > 100,000. >
> Company C owes the money to company B - but I dont see how company B
> legally transfered the money to company C in the first place.
>
> Company C, is now passing itself off as company B and billing the UK
> clients direct from the USA, despite the service being supplied by the
> UK. VAT has not been issued on the invoices sent from the USA.
>
> Overdue invoices due to Company B are being moved direct to the USA,
> further ensuring that creditors of Company B will never get their
> money, yet they are continuing to use suppliers despite having no > means to pay them.
>
> ok - thats got to be illegal?
Yep.
but there more....
[snip]
trading. I appreciate breach of contract is wrong,
[snip]
Not necessarily. What breach are you talking about ?
can anyone please shed some light on who i need to speak to with
> regards of bringing this man to some sort of justice?
>
> so far, were dealing with the FSA, Customs and Excise ( VAT ),
> Administators, creditors. The administrators are not acting that
> quickly as 1) there isnt any money in Company B to make it
profitable
for them to force it into administration and 2) the UK-US sale is
> governed by US law so they dont really understand it.
Oh dear. Looks like incompetence.
Im going to the police tomorrow to see if any laws have been broken,
> but the delay in anyone acting so far has allowed over an additional
> 90k to be shifted out of the country and away from the people its > meant for.
The SEC in the U.S. might be interested. Has the FSA done anything ?
(uk.finance added)