When Oldham was a beggar and MacNeish was "a close family friend"

by Rupert Insider

Its about the Oldham share issue of 2001 through which, he says, he raised £1.3 million for 10% of Koptalk. But he had to return it all.

You may wonder why I am delving into the past when there is so much to write about now. There is a method in my madness.

To jog your memory – and because it is interesting in showing the genesis of the Koptalk Kon – I am providing a few links from the archives.

The first is undated but the internal evidence points to 2001. In this he begs for money. This was not unusual at the time. He had been begging for money and equipment since 1998. He lived in Scarborough, Yorkshire. He now claims he owns the family property there but I don’t know if he did at the time.

http://web.archive.org/web/20010217194155/www.koptalk.co.uk/archive/editor/help.html

Notice how he refers to his family but then makes a separate reference to Steve MacNeish “a close family friend” – so not family then. Oldham was about 26 when he made that remark about the 11 yr old.

th_spycam.jpg

(Oldham in 2000 on the spy cam he used to write about so much on his site. This is contemporary with his Usenet ads for “fit young lads” to make sex videos with him).

th_steven.jpg

(Steve MacNeish about 10 or 11 years of age in 2000 or 2001)

Here is another link from Feb 2001 in which Oldham is fishing for reaction to the idea of selling shares.

http://web.archive.org/web/20010208001024/www.koptalk.co.uk/archive/editor/060201.html

Here is a link of how he is explaining the failure of the scheme because of a”legal problem”. Its still July 2001.

http://web.archive.org/web/20010726113236/www.koptalk.co.uk/archive/editor/200701.html

Here’s another where he offers an excuse why some have not received refunds of their “failed share applications” also July 2001.

http://web.archive.org/web/20010726233247/www.koptalk.co.uk/archive/editor/240701.html

Nine months after this post he bought his house in Wallsend for £29,950 – “in cash” and seven months after that he paid off the mortgage on his mother’s new house for £44,500 across the street in Wallsend. A year after buying his own house he transferred it to his wife’s name with a Halifax loan or mortgage attached.

In the 2001-2002 period he also bought a new Mercedes Convertible or upgraded his old model.

Given those facts, the next link is very interesting.

Its March 2002 when Oldham had just moved into his new house in a low-income, high-unemployment part of Wallsend near Newcastle. But he says he lives 180 miles away in posh Formby, near Liverpool – where Robbie Fowler lived at the time and other LFC players along with all the stockbrokers and other “top brass” from Liverpool.

But Oldham continues to give Scarborough, Yorkshire as his postal address with the promise it will be forwarded to him in Formby.

And the 13 year old “close friend” Steve is now “a member of my family”.

“Oh what a tangled web we weave when first we practice to deceive”

The nasty sponsors who fouled up his share offering now owe him £50,000 and he is suing them for it. When he gets the money he will donate it to the LFC Academy. But nothing more about the money he has not paid back to those who offered to buy the non-existent shares.

And whatever happened to his other business away from the internet that he talks about here and elsewhere? Is that where he invested part of the £1.3 million? And did that go bust, too?

http://web.archive.org/web/20020617223226/www.koptalk.co.uk/news/loadROLL.asp?cid=ED13&id=40466

If you have clear memories of his share scheme or any screen shots, links or anything else, please send it in by email or in the comments section. If you paid money r shares and did not get it back or if you remember any other reference to how much he owed potential investors, help us complete the dossier.

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18 Responses to “When Oldham was a beggar and MacNeish was "a close family friend"”

  1. Superdan Says:

    I guess you’re about to see a lot more of me here. I left Koptalk tonight because of the things I’ve read on the blog and now I think I will post alot on here. I have to say thanks to rupert and insiderinsider for making me see sense. Id also like to thank lfc_michael for making me realise that Oldham was taking the piss out of me aswell. I apologise again for the language I used to attack you guys and I hope their are no hard feelings between us all.

  2. lfc_michael Says:

    Have you claimed a refund, Dan?

  3. Superdan Says:

    I did yes, and they gave it to me with no questions asked

  4. rupertinsider Says:

    Superdan

    I guess I was a bit a hard on you – but no hard feelings remain and welcome.

    Did you cancel the automatic renewal on your PP account?

  5. Superdan Says:

    I did. Ive done everything that you advise on the blog! I cancelled the renewal first and then I was thinking about it for a few hours and decided to go for the whole refund

  6. KT-er not to be soon Says:

    What were the main reasons why you quit superdan? anything to do with the blog?

  7. jugs Says:

    “We have issued numerous refunds already but this can only be done once per month, usually around the 3rd week of each month when we receive our advertising revenue.”

    That makes no sense at all , if he had the money then why not just refund it ? He must have spent the money , otherwise why would he have to wait three weeks for the advertising revenue to come in ?

    Dumb suck he is indeed.

  8. rupertinsider Says:

    jugs

    That was illegal. To offer shares, then use the money for operating capital before the shares are issued is breach of trust.

    The entire scheme was a breach of securities law, including the fact that there was no registered prospectus.

    A prospectus would have required audited accounts. But there were no accounts.

    It would require a history of the directors and owner – and there is now way he would have given that.

    It would have required full disclosure including any rights already granted to others such as the so-called sponsor. (But I think that was a trumped up excuse to hide the real reason for the cancellation which was that the offer was a criminal act).

    But having realised he better pay it all back he then started figuring out ways of keeping it.

    I do recall him saying that he still owed 100,000 quid a year or more later. I’m interested in anyone who has other memories like that.

    Incidentally I don’t believe he took in 1.3 million but I think the tax and securities authorities should take him at his word and ask to see the bank account where the money was lodged – surely he did not stash it under his bed in a sock?

  9. Koptalk Outsider Says:

    With the size of his socks, you’ll never know.

  10. Nate7 Says:

    “What is evident from these meetings, and I suppose it’s rather obvious anyway, is that these people want to exploit YOU the reader, they say this to my face, you are not a fan to them, you are a unique user – but not to me, I see you as my friends, not as unique users.” – This bit made me laugh because after all isn’t exploiting people the reason behind all this?

  11. dataimaginary Says:

    Really interesting fellas, forgot all about this. He must have made a fortune from this and relied on the fact that people couldn’t be bothered to chase him up about what were probably minor sums on an individual level, but when you think about the subscriber base to the site at the time, amounted to significant amount of capital.

    The tax office would be very interested I’m sure.

  12. lfc_michael Says:

    There’s also a small reference on http://web.archive.org/web/20020617223226/www.koptalk.co.uk/news/loadROLL.asp?cid=ED13&id=40466 to the suspension of his share scheme/scam (towards the bottom).

  13. Lloyd Says:

    Just had quick browse on dunk.org and I had to laugh at this bit……

    “”Dislikes
    …………… People that slag Kop Talk off because their jealous tw*ts, usually people called Steve, Andrew and Dick. Get a life you sad f*cks – there’s more to life than poxy websites! Get out on the town and have a pint with the rest of us on a Saturday night and then go home and have some really good sex – well maybe not even go home for it 😉 Oh I forgot, you’re not man enough are you, you tarts! I absolutely hate do-gooders, Tory MP’s and sprouts.””

    🙂

  14. Koptalk Outsider Says:

    There a lots of other things to laugh at in that editorial lfc_michael.
    – relocated close to Liverpool
    – new business away from internet
    – admitting it’s a job
    -donations to the academy

  15. lfc_michael Says:

    You’re right, KT Outsider. It’s also interesting that Steve has gone from ‘a close family friend’ in 2001 to ‘a member of my family’ in 2002. The relocation near to Liverpool was supposedly Formby (see http://web.archive.org/web/20020122100324/http://www.dunk.org.uk/).

  16. Koptalk Outsider Says:

    🙂
    More fun on that link. Had forgotten this.

    As from January 1st I will no longer be involved with the Kop Talk website, the site I have been involved with for the last few years. Family comes first and the deal I was offered to walk away and let someone else take over was too good to turn down. Maria has got a new job in Manchester of all places but it’s not too far to travel each day. There was no way I was going there!!

    Anyway, any mail you send to our shared PO Box in Scarborough will soon cease. If you know me, please drop me a line and I will give you our new home address in Formby.

  17. Another Mark Says:

    I’m a tad baffled as to why Oldham thinks he will be safe from prosecution if he moves to Spain?

    Spain is a signatory to the law, enacted in 2004, that created the European Arrest Warrant, which covers the offences of corruption, fraud and swindling. He will be vulnerable after he moves unless he believes that the effort involved outweighs the likelihood of a successful prosecution being brought by whichever authority or agency does it.

    Given that the Warrant needs to include the following:
    – issuing judicial authority
    – statement of accusation and intention to prosecute
    – particulars of the persons identity
    – details of any other warrants issued
    – details of the alleged offence(s) including time, place and the laws broken
    – possible sentence;

    maybe he’s confident that he’s covered his tracks sufficiently to make any investigation more bother than it’s worth, given that there are other and bigger fish to fry and only limited resources available.

    Personally I’d like to see him brough to account for his actions especially as my own experiences included several donations to the Lauren Fund.

    From memory tracking of donations was done by Red Ted although the monies were sent via Pay Pal to the KT Lauren Fund. Oldham wanted to “keep out” of this administration of the monies (clever move) although the funds still went through KT. Again from memory the contributors were pretty successful in raisning enough to “cover” the Forsyth’s mortgage (approx £600 pm) over most of the time Ted was involved in tracking progress.

    Progress on investigations and the planned emergency evacuation from Wallsend will be interesting to watch.

    Cheers all.

  18. rupertinsider Says:

    lfc_michael
    I’ve added that link to the post with a commentary:

    Here’s an interesting one. Its two years later, March 2002 to be exact, when Oldham had just moved into his house in a low-income, high-unemployment part of Wallsend near Newcastle. But he says he lives 180 miles away in posh Formby near Liverpool – where Robbie Fowler and other LFC players lived at that time along with the stockbrokers and other “top brass” from Liverpool. But Oldham continues to give Scarborough, Yorkshire as his postal address with the promise it will be forwarded to Formby. And the 13 year old close friend Steve is now “a member of my family”.

    “Oh what a tangled web we weave when first we practice to deceive”

    The nasty sponsors who fouled up his share offering now owe him £50,000 and he is suing them for it. When he gets the money from them he will donate it to the LFC Academy. But nothing more about the money he has not paid back to those who offered to buy the non-existent shares.

    And whatever happened to his other business away from the internet – did that go bust , too. And was that where he “invested” some of the 1.3 million?

    http://web.archive.org/web/20020617223226/www.koptalk.co.uk/news/loadROLL.asp?cid=ED13&id=40466


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