web analytics

Odgers in s**t

Written By: - Date published: 3:45 pm, January 22nd, 2015 - 30 comments
Categories: blogs, brand key, Financial markets, journalism - Tags:

That’s as in spat. Characteristic. Richard Smith of Naked Capitalism raises some questions about her Samoan fiduciary company fronting for a company delisted from GXG Markets, a small European exchange. Once again, its about the company she keeps. It’s an interesting read, and Smith promises more to come from GXG about New Zealand if not Odgers.

Smith refers back to an earlier post last October (New Zealand: if investment Fraud was typhoid, Cathy Odgers would be Typhoid Mary but Lucy Lawless would still be Xena, Warrior Princess) where he first raised questions for Odgers about her connection to the delisted HCI International. In his latest post he listed her replies to the questions he raised, which can be found in the comments here, here, and here.

I don’t have any particular expertise in dodgy financial transactions, although Richard Smith seems to,  but his summary in the earlier post of her recent impact on New Zealand politics and media provides much food for thought in my opinion.

Summing up: we had already found Odgers in close proximity to post-Soviet moneylaundering, US ponzis, Australian superannuation frauds and imploding New Zealand shadow banks.  Now the HCI Hamilton US microcap boiler room dodginess, and the GXG ramifications, extend an already sprawling picture. Pull at the string named ‘Odgers’ and all manner of nasty stuff keeps turning up at the other end. That’s business as usual when you dig into scams, and now, evidently, when you dig into Odgers, too.

On top of all that normal scam stuff, there are, by way of exotic intensifiers, Odgers’ direct connections to media manipulation, including, FFS, national-press-level op-ed gigs at the NZ Herald and NBR,  and to successful smear jobs on regulators and on enforcers.

And lastly, there are Odgers’ strong connections to government ministers, and to the PM himself, via his Office. Those connections are unique, for someone with Odgers’ burgeoning track record of proximity to major financial crime after major financial crime. More precisely, they are connections that are unique in Western democracies, as far as I know. The whole thing builds up into quite a nice generic case study of what sufficiently uninhibited, or incompetent, but anyway well-connected offshore lawyers can get embroiled in.

Clearly, both politicians and journalists should be wary of being beholden to Odgers in any way, but equally clearly, that’s a warning that is far too late.

Around Odgers herself, there is the usual lingering ambiguity. If HCI Hamilton really is a client of Pacific Fiduciaries , it’s really hard to see why Pacific Fiduciaries ever took them on. At worst, it would imply Pacific Fiduciaries are in on a scam. At best, their due diligence and KYC would rank, for quality and conviction, right down there with Odgers’ cod portrayal of Xena, Warrior Princess.

But is HCI a client of Pacific Fiduciaries at all? It seems to be easily deniable. If there is no client relationship, Odgers has simply been mugged by some scammer, who, one might athletically assume, simply picked Pacific Fiduciaries’ name out of a hat containing the names of all the offshore law firms in the world.

That would be one more coincidence, in a professional history in which such coincidences just keep proliferating. This blogger remains intrigued.

So does this one. The VRWC may have gone to ground but it should  not be forgotten. Thanks Richard.

30 comments on “Odgers in s**t ”

  1. Truth Will Out 1

    Kerry Grass, the former NZ govt regulator/enforcement officer who wrote the report describing the process used by the government against Allan Hubbard to sink South Canterbury Finance as “materially flawed and unlawful”, also runs a company which investigates money laundering.

    She has a masters degree in international finance and knows her way around the kind of issues this article raises.

    She can be reached through her business, AML360 (Anti Money Laundering), by clicking this link if anyone wants to dig into this further: http://www.amlcft.co.nz/

    • rawshark-yeshe 1.1

      any chance of a link to the Kerry Grass report on SCF you mention ? looked on her website but can’t see it … many thx if you can direct me.

  2. reason 2

    Odgers aka kactus Kate is a vile woman not fit to lick Princess Xena’s boots …….

    She is part of Nationals Dirty Politics shit slinging team as detailed in Saint Nicks book.

    As part of team DP she carried the banner in Whale sludges smearing of Tania Billington ………. their smear/claim was that Tania invented the home invasion and attempted sexual assault against her because she was a green party member and wanted to embarrass John Key and the Nats.

    But aside from Odgers being a politically motivated rape apologist and national dirty politics player it appears she helps the rich and criminals to hide their money and avoid tax.

    This seems to be a national party trait ………….

  3. Cactus Kate 3

    Again I am more than happy to speak to the Samoan regulator regarding Pacific Fiduciaries of which I resigned as a director 16 September 2014. Another matter Richard failed to research properly. Definitely not going to talk about matters to hacks and bloggers.

    Richard has a special skill of misunderstanding the legal role of registered agents and offices. if every company agent was named like this every time a company ended up on the Internet written about by a hack or blogger well…..they often are and again it’s part of the job to put up with the shit that follows. If you are in the business long enough you eventually are chucked in front of the client for public consumption. It happens so much now it is no longer special it’s just a matter of who is next.

    I think you will actually find I was critical of MFAT for letting the Malaysian diplomat escape the country! But you know never let the facts get in the way of a good story.

    • The Murphey 3.1

      Q. How long until your ‘mates’ let you swing you think ?

      Make sure your backups are safe eh

    • tracey 3.2


      Did you offer to appear before Justice Chisolms inquiry?

      • ghostwhowalksnz 3.2.1

        Her name appears 40 times in Chisholms report

        This is the money quote:

        “Cathy Odgers and Carrick Graham had also been approached by Ms Casey
        about appearing before the inquiry. They raised similar issues to those raised by
        Mr Slater. ”
        Casey was Victoria Casey, the barrister assisting the enquiry.

        “Following email
        correspondence with Ms Casey, Ms Odgers provided a sworn statement and I
        decided that it was unnecessary to interview her. ”

        This was an example of the ‘once over lightly’ of this whitewash.

        This bit was interesting about the email that Key obtained.

        ” Ms Odgers informed the inquiry that she passed the email of 5 October 2011 to a trusted “intermediary” for advice and that person eventually passed it to the Prime Minister’s office. Ms Odgers’ concerns in doing so were expressed by her as “purely political”.

        Doesnt that intermediary sound like David Farrar to you ?

    • David 3.3

      A bit rich of you to call anyone a hack, [deleted]. How goes the ‘kill Hager’ masterplan? You and the Slater couldn’t organise a pissup in a brewery.

      [lprent: If you want to be a misogynist, then I’d suggest other places may be safer for you to try to raise your limp dick in. This is your warning – read the policy. ]

      • David 3.3.1

        Sorry, but if the poster above can liken her to typhoid mary, but calling her a certain animal isn’t acceptable? I apologise to anyone who didn’t like my comment, except Catcus Kate, she can piss off.

        • One Anonymous Bloke

          It was a gendered insult, whereas the comparison with Typhoid Mary is apt.

          • David

            Yeah, fair enough, mea culpa. I’ll try better to keep my insults gender neutral from now on, would poisonous weasel be better? Or just a plain old piece of shit?

    • dave 3.4


      [lprent: that is well over the bounds of even our lenient policies. Banned two weeks as a gentle reminder (and sufficient time) to read them. ]

    • Banjo 3.5

      Wow Cactus Kate has crawled out of her hole.

      “But you know never let the facts get in the way of a good story.”

      You didn’t let the facts get in the way of the false narrative you pushed during the Ports of Auckland dispute Cathy. How much did you get paid to write that bullying nasty bullshit about the workers at the port? Do you ever stop to think about the ripple effects of your vileness on the people caught up in a melee, or does feeding your ego just outweigh any consideration towards others?

    • One Anonymous Bloke 3.6

      “Part of the job”. You’re paid to provide legitimacy. Deniability. Fraud.

      Have a cigar.

    • Macro 3.7

      Yeah! Right…
      All lawyers are upstanding and honest!
      But then I grew up with, and went to Uni with, Pat Renshaw so know otherwise.
      If you really want to convince people that you are, what you say you are, then you should change the way you live, and act, and with whom you associate.

    • Richard Smith 3.8

      “Again I am more than happy to speak to the Samoan regulator regarding Pacific Fiduciaries”

      Well, get on with it then.

      .”..of which I resigned as a director 16 September 2014. Another matter Richard failed to research properly.”

      Untrue. Checking on the Samoan Companies web site (company number 0530), I find that the filing date of your resignation is 4th November 2014, more than two weeks after I wrote my post. So the director change (effective 16th September, as you correctly remark) was backdated by about 7 weeks, or roughly 35 working days, and at the time I wrote my post, you were indeed recorded as a director.

      In some jurisdictions, submitting a backdated change of such magnitude is actually an offence. Otherwise, you see, dishonest people would be continually rewriting history.

      As it happens, jurisdictions taking that severe line on backdated changes appear to me to include Samoa, where, if you remember, Pacific Fiduciaries is incorporated. See Section 88 of the Companies Amendment Act 2006, which requires a resignation to be notified within 20 days of the effective date.

      Reading further, it seems that the late submission of your resignation might make you, your fellow directors and Pacific Fiduciaries itself each liable to fines not exceeding 50 penalty units (whatever those are).

      Perhaps that is a matter you’d like to take up with the Samoan Companies Register. When you’ve finished talking to the Samoan regulator, that is.

      Or would you rather leave it to me, again? I am, as you know, quite happy to oblige.

  4. reason 4

    cactus kate as part of of nationals Dirty Politics Henchpeople brigade was pushing the smear that Tania Billington allegations were made up or exaggerated.

    Cactus referred to the home invasion and attempted sexual assault as ” unwanted attention”.

    She’s displayed other gutter ethics and a rather disturbed mind by offering Saint Nicks address to some of the Chinese criminals and thieves she works for ………..

    But perhaps that was just fucked up trash talk that Cactus and co have to do to be part of the national DP club ………….

    Either way shes vile and not fit to lick Princess Xenas boots 🙂

  5. Penny Bright 5

    Yes Cathy Odgers – I have personally experienced one of your wee ‘spinner’ stories, arising from the John Banks trial?

    You remember?

    I don’t remember your checking the FACTS with me before you had it published on WhaleOil – a blog from which I am banned – (thus could not directly reply) because apparently Cameron can’t ‘handle the TRUTH’ ?

    In my considered opinion, ‘practising what you preach’ and ‘seeking truth from FACTS’ aren’t exactly your strong suits Cathy Odgers?

    Kind regards

    Penny Bright

  6. One Anonymous Bloke 6

    Cathy Odgers is a perfect embodiment of the National Party and everything it stands for.

  7. Rosemary McDonald 7

    Yo! Cathy!

    Remember this?

    ” Dear Michael

    Stop posting anonymous comments on my blog.

    Your blog is boring crap, the only interesting comments on it are from insolent prick and several other right wing commentators.

    You write like an intellectually handicapped dyslexic one legged mouse and you are so serious that I am sure even your own mother finds you dull to be around.

    I am trying to get you more readers by referring those who do not like an interesting blog (ie.mine, IP’s or Aaron Bhatnagar’s or Dave Farrar’s) to your blog, but alas there have been no takers.

    Quite simply – you suck. I am honest enough to just tell you.

    31/8/05 5:17 PM”


    Now, it could be unreasonable to expect your mate Cam to hold to the same standards of moderation as holds here on TS, however, one would have thought that someone of your obvious(sic) intelligence could have done better than to use “intellectually handicapped dyslexic one legged mouse ” as an insult.

    Unless your contacts amoungst the world’s elite has facilitated a personality transplant, please don’t come over all righteously indignant here…it won’t wash.

    We know who you are…and perhaps the moderators here should let the ‘lady’ take her lumps.

  8. millsy 8

    So Cathy Odgers is into dodgy stuff.

    Tell me something I dont know.

  9. Murray Rawshark 9

    Someone who tells the reader how much fun they’re having in 73% of everything they write is patently trying to fool themselves. An ex-member of ACT (he grew up) told me that the cactus thing was the most racist against Maori of anyone he’d ever met. He was not surprised at all to see her in Dirty Politics.

  10. Michael 10

    Does Odgers hold a practicing certificate as a barrister, solicitor orwhatever equivalents are specified in the relevant statutes? if so, in what jurisdictions? While, of course, there’s nothing legally wrong with learned counsel representing dodgy clients (including the corporate ones), counsel are obliged to conduct themselves within the bounds of those statutes. If not, they face professional consequences. I think we should be told.

Recent Comments

Recent Posts

  • Tokelau Language Week reminds us to stay united and strong
    Staying strong in the face of challenges and being true to our heritage and languages are key to preserving our cultural identity and wellbeing, is the focus of the 2020 Tokelau Language Week. Minister for Pacific Peoples, Aupito William Sio, says this year’s theme, ‘Apoapo tau foe, i nā tāfea ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • NZ announces a third P-3 deployment in support of UN sanctions
    The Government has deployed a Royal New Zealand Air Force P-3K2 Orion (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea, announced Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark. “New Zealand has long supported ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Pacific trade and development agreement a reality
    Pacific regional trade and development agreement PACER Plus will enter into force in 60 days now that the required eight countries have ratified it. Trade and Export Growth Minister David Parker welcomed the announcement that the Cook Islands is the eighth nation to ratify this landmark agreement. “The agreement represents ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Securing a pipeline of teachers
    The Government is changing its approach to teacher recruitment as COVID-19 travel restrictions continue, by boosting a range of initiatives to get more Kiwis into teaching. “When we came into Government, we were faced with a teacher supply crisis,” Education Minister Chris Hipkins said. “Over the past three years, we ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Border exceptions for a small number of international students with visas
    The Government has established a new category that will allow 250 international PhD and postgraduate students to enter New Zealand and continue their studies, in the latest set of border exceptions. “The health, safety and wellbeing of people in New Zealand remains the Government’s top priority. Tight border restrictions remain ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First COVID-19 vaccine purchase agreement signed
    The Government has signed an agreement to purchase 1.5 million COVID-19 vaccines – enough for 750,000 people – from Pfizer and BioNTech, subject to the vaccine successfully completing all clinical trials and passing regulatory approvals in New Zealand, say Research, Science and Innovation Minister Megan Woods and Health Minister Chris Hipkins. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • International statement – End-to-end encryption and public safety
    We, the undersigned, support strong encryption, which plays a crucial role in protecting personal data, privacy, intellectual property, trade secrets and cyber security.  It also serves a vital purpose in repressive states to protect journalists, human rights defenders and other vulnerable people, as stated in the 2017 resolution of the ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ministry of Defence Biodefence Assessment released
    The Ministry of Defence has today released a Defence Assessment examining Defence’s role across the spectrum of biological hazards and threats facing New Zealand. Biodefence: Preparing for a New Era of Biological Hazards and Threats looks at how the NZDF supports other agencies’ biodefence activities, and considers the context of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020
    New Approaches to Economic Challenges: Confronting Planetary Emergencies: OECD 9 October 2020 Hon David Parker’s response following Thomas Piketty and Esther Duflo. Good morning, good afternoon, and good evening, wherever in the world you might be. I first acknowledge the excellent thought provoking speeches of Thomas Piketty and Esther ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Kaipara Moana restoration takes next step
    A Memorandum of Understanding has been signed today at Waihāua Marae between the Crown, local iwi and councils to protect, restore and enhance the mauri of Kaipara Moana in Northland. Environment Minister David Parker signed the document on behalf of the Crown along with representatives from Ngā Maunga Whakahī, Ngāti ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand and Uruguay unite on reducing livestock production emissions
    Agriculture Minister Damien O’Connor and Uruguayan Minister of Livestock, Agriculture and Fisheries Carlos María Uriarte have welcomed the launch of a three-year project that will underpin sustainable livestock production in Uruguay, Argentina, and Costa Rica.  The project called ‘Innovation for pasture management’ is led by Uruguay’s National Institute of Agricultural ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • 3100 jobs created through marae upgrades
    Hundreds of marae throughout the country will be upgraded through investments from the Provincial Growth Fund’s refocused post COVID-19 funding to create jobs and put money into the pockets of local tradespeople and businesses, Regional Economic Development Minister Shane Jones and Māori Development Minister Nanaia Mahuta have announced. “A total ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Health volunteers recognised in annual awards
    Health Minister Chris Hipkins has announced 9 teams and 14 individuals are the recipients of this year’s Minister of Health Volunteer Awards.  “The health volunteer awards celebrate and recognise the thousands of dedicated health sector volunteers who give many hours of their time to help other New Zealanders,” Mr Hipkins ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community COVID-19 Fund supports Pacific recovery
    The Minister for Pacific Peoples, Aupito William Sio says a total of 264 groups and individuals have successfully applied for the Pacific Aotearoa Community COVID-19 Recovery Fund, that will support Pacific communities drive their own COVID-19 recovery strategies, initiatives, and actions. “I am keen to see this Fund support Pacific ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Community benefits from Māori apprenticeships
    Up to 50 Māori apprentices in Wellington will receive paid training to build houses for their local communities, thanks to a $2.75 million investment from the Māori Trades and Training Fund, announced Employment Minister Willie Jackson today. “This funding will enable Ngāti Toa Rangatira Incorporated to provide its Ngā Kaimahi ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Training fund supports Māori jobseekers
    Rapidly growing sectors will benefit from a $990,000 Māori Trades and Training Fund investment which will see Wellington jobseekers supported into work, announced Employment Minister Willie Jackson today. “This funding will enable Sapphire Consultants Ltd. to help up to 45 Māori jobseekers into paid training initiatives over two years through ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Ruakura Inland Port development vital infrastructure for Waikato
    The Government is investing $40 million to develop an inland port at Ruakura which will become a freight super-hub and a future business, research and residential development for the Waikato, Urban Development and Transport Minister Phil Twyford, and Māori Development Minister Nanaia Mahuta announced today. The funding has been has ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Appointments made to Defence Expert Review Group
    Defence Minister Ron Mark announced today the establishment of an Expert Review Group to review a number of aspects of the New Zealand Defence Force’s (NZDF) structure, information management and record-keeping processes.  The Expert Review Group’s work arises out of the first recommendation from the Report of the Government’s Inquiry ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • No active community cases of COVID-19
    There are no active community cases of COVID-19 remaining in the country after the last people from the recent outbreak have recovered from the virus, Health Minister Chris Hipkins said today. “This is a big milestone. New Zealanders have once again through their collective actions squashed the virus. The systems ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Clean energy upgrade for more public buildings
    More public buildings will be supported by the Government to upgrade to run on clean energy, the Minister for Climate Change James Shaw announced today. Minister Shaw announced that Lincoln and Auckland universities will receive support through the Clean-Powered Public Service Fund to replace fossil fuel boilers. Southern, Taranaki, and ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Schools back donations scheme for the second year
    More schools have opted in to the donations scheme for 2021, compared to 2020 when the scheme was introduced. “The families of more than 447,000 students will be better off next year, with 94% of eligible schools and kura opting into the scheme,” Education Minister Chris Hipkins said. “This is ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Ruapehu cycle trails gets PGF boost
    The spectacular Mountains to Sea cycle trail in Ruapehu District will receive $4.6 million in funding from the Provincial Growth Fund for two additional trails, Regional Economic Development Minister Shane Jones announced today. “This is an exciting development for the local community, and one that will provide significant economic opportunities ...
    BeehiveBy beehive.govt.nz
    3 weeks ago