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Why you shouldn't buy anything from Edward "Scissorhands" Lee


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#121 jock

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Posted 07 February 2016 - 11:54 AM

The upholstery over the shock towers is abysmal, tail light trim off. WTF, I like to see good money fetched for a zed but hell that would build at least 3 ground up resto's, tell him he's dreamin!.    



#122 dat240z

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Posted 11 February 2016 - 09:23 AM

Today's paper. See what you've done Gav!!! Haha

http://www.dailytele...34e9a5869d7726a
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#123 PB260Z

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Posted 11 February 2016 - 10:14 AM

Today's paper. See what you've done Gav!!! Haha

http://www.dailytele...34e9a5869d7726a

And unfortunately the business will just keep rolling on, albeit in different legal entities - that is until the regulators get serious with this and a few others (Ian Creek for example) and prevent them from trading.



#124 dat240z

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Posted 11 February 2016 - 10:35 AM

But he's not a bad guy!!!!

#125 CBR Jeff

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Posted 11 February 2016 - 10:47 AM

Obviously the cars he had for sale on the yard were not actually the property of the business.
Edward Lee will close and maybe Phil Lee will open?

#126 gav240z

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Posted 11 February 2016 - 10:52 AM

That article is full of gold, if you read it correctly.

 

 

 

WHEN I asked the man in the okanuis why he liquidated a business with no debts, he said: “Do I want to go to NCAT every five minutes and defend myself?”

 

Must be a long list of people he's ripped off, if he needs to go back every five minutes.

 

 

 

Mr Lee is a big fan of motor dealers regulations that began December 1, 2014. The regulations added a section to the form put in the window of used cars that discloses if a dealer “reasonably suspects” odometer tampering. For cars that don’t have log books and service history he circles ‘yes’ and writes the size of the reduction is “unknown”.

 

If anyone can find a car where Phil has circled and disclosed this information I'll eat my hat.

 

 

 

He’s less of a fan of NCAT — the NSW Civil and Administrative Tribunal. He said it was a “lottery” to get money from a company: “NCAT is a consumer advocate.”

 

Yes because let's face it, NCAT loves sticking up for the little guy. In fact our whole system is designed to bleed small business owners dry of revenue / income. LOL.. "I'm the victim".

 

 

 

Mr Lee disputed its veracity at the time and yesterday said other NCAT cases relying on such documents had been dismissed. Somewhat ironically, Mr Lee now provides such certificates to would-be buyers on demand.

 

LOL, the whole thing is contradictory. But show us said cases Phil?

 

 

 

Four weeks after the hearing, Mr Lee put Edward Lee’s Japanese Auto Centre in the hands of liquidators Armstrong Wily. That meant Mr Hart could no longer pursue his NCAT action.

 

and then..

 

 

 

There was no money for them anyway. There was only $1 of assets.

 

Yet a car yard full of expensive cars such as split screen kombi vans...Yeah I'll bet the company was broke.

 

 

Mr Lee told me: “Any smart business puts structures in place to protect itself from attack ... you don’t have your assets in the trading company.

“It’s not a phoenix operation because I don’t owe anyone any money.” I had not asked if it was a phoenix operation.

 

Reminds me of this famous quote.

 

 

Mr Lee registered Edward Lees Imports Pty Ltd two weeks before the regulation changes he believes give dealers extra legal protection. However, Mr Lee said the main reasons for the restructuring related to tax and employees. He declined to provide detail.

 

Draw your own conclusions.

 

 

 

He said he had 350 video testimonials from happy customers.“I’m not a bad guy.”

 

Gold. I wonder how many of those 350 video testimonials would be happy customers if they knew their cars had been given haircuts? Phil also deletes any negative comments on the videos on Youtube, also take a look at the Google Reviews you'll see a lot more negative comments. But I'm sure it's just a case of a few bad eggs..



#127 PB260Z

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Posted 11 February 2016 - 10:53 AM

Obviously the cars he had for sale on the yard were not actually the property of the business.
Edward Lee will close and maybe Phil Lee will open?

Most likely - a lot dealerships have their stock on bailment with a finance company


Edited by PB260Z, 11 February 2016 - 11:17 AM.


#128 CBR Jeff

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Posted 11 February 2016 - 10:56 AM

Well it didn't happen yesterday

https://insolvencyno...0a-709c523807c3

#129 CBR Jeff

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Posted 11 February 2016 - 10:59 AM

Most likely - a lot dealership have their stock on bailment with a finance company

Or they were owned by another entity possibly close to him? Family trust? His kids? Another company?

#130 gav240z

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Posted 11 February 2016 - 11:05 AM

Phil would be proud..



#131 dat2kman

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Posted 11 February 2016 - 12:02 PM

As a Director, he owns no stock, has no assets, possibly a heck of a lot of liabilities, but has made sure he has paid any taxes.
The ATO are ruthless, and will jail offenders.
Everyone else can get stuffed.

All assets, stock, valuables will be in some other persons name, who, most likely, has no dea at all!

Yes, as slippery as a sackfull of eels
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#132 PB260Z

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Posted 11 February 2016 - 12:46 PM

As a Director, he owns no stock, has no assets, possibly a heck of a lot of liabilities, but has made sure he has paid any taxes.
The ATO are ruthless, and will jail offenders.
Everyone else can get stuffed.

All assets, stock, valuables will be in some other persons name, who, most likely, has no dea at all!

Yes, as slippery as a sackfull of eels

Shame the MTA and other governing bodies aren't tougher on offenders.



#133 gav240z

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Posted 16 February 2016 - 10:28 AM

http://www.9news.com...r-alleged-fraud

 

Nice one bruvva.

 

 

 

Three Sydney car yards accused of winding back odometers on used vehicles have been raided by NSW police and Fair Trading NSW.

Officers entered the businesses on Parramatta Road simultaneously on Tuesday morning, inspecting tools in the rear of work vehicles and interviewing staff members.

 

Two of the businesses raided include Dream Car City and Edward Lees Imports.

One of the card yards under investigation is expected to have its trading suspended immediately while the rest will be forced to show why they shouldn't be shut down, according to Fair Trading.


Read more at http://www.9news.com...8X37CJ8bh1WY.99

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#134 CBR Jeff

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Posted 16 February 2016 - 12:31 PM

Classic. Just goes to show there is justice.

#135 brent012

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Posted 16 February 2016 - 04:49 PM

Will be interesting to see what happens next, bit odd if the other dealers can talk themselves out of it after a 2 year investigation + raid.


Edited by brent012, 16 February 2016 - 05:00 PM.


#136 PB260Z

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Posted 16 February 2016 - 06:22 PM

Will be interesting to see what happens next, bit odd if the other dealers can talk themselves out of it after a 2 year investigation + raid.


Agree, will be very interesting, but the legal system works in mysterious ways .

#137 Gareth. J.

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Posted 16 February 2016 - 06:43 PM

Saw it on the news this arvo, camera footage showed the business name full screen size. Australia wide coverage, ouch, that's gotta hurt.


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#138 luvemfast

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Posted 16 February 2016 - 07:13 PM

Any publicity is good publicity right?

Nope. Not really.

#139 PB260Z

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Posted 16 February 2016 - 07:22 PM

Maybe he will get his this time ?
But I seriously doubt it, there is another dealer in Sydney, was all over TV for clocking a few years back. Yes he lost his new car franchise but he is still trading & in the same location. Grrrr.

Edited by PB260Z, 17 February 2016 - 05:39 AM.


#140 dat2kman

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Posted 16 February 2016 - 08:21 PM

Pheonix,,
A mystical fantasy birdlike creature, that lives and flys, out f the ashes of a burnt out wreck.

Edited by dat2kman, 17 February 2016 - 10:54 AM.

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