Dress-up parties can be revealing
So ignore this picture (top), which appears to show McIntyre with Kaye, the property spruiker banned for five years in 2010 over his failed investment empire.
Asked if he'd like to see the pic, McIntyre said: "I get photos taken with literally thousands of people."
He certainly does - most recently with the likes of Tania Zaetta as he travels the country for "red carpet launches" lauding his 21st Century Australia Party.
That's when he's not busy promoting his 21st Century Financial Education Summit, which is bringing out Arnold Schwarzenegger for a speaking tour in a fortnight
"The only photo I've seen with Henry Kaye is a photo from about 10 years ago at a function or party," McIntyre said. "I don't have a relationship - Konrad Bobilak does."
Bobilak, the man on the right in the happy snap, works for McIntyre at one of his "dozen companies".
He's a former associate of Kaye, whose get-rich-quick empire failed in 2003 owing 3500 investors up to $60 million.
The occasion appears to be a fancy dress party, at which CBD's other picture (bottom), featuring McIntyre also appears to have been taken.
"If there's fake money there or fake powder or whatever, I don't recall, it would have been 10 years ago," McIntyre said.
Based on data embedded in the photos, they may have been taken as late as 2007, so CBD asked McIntyre if he was sure they were that old.
"Approximately around '05, '06 ... it could be as late as '07," he said.
"But what are you implying? A fancy dress photo with fancy dress props."
He slammed critics who post anonymously on the internet.
"There's jealous competitors that like to run smear campaigns in business and post that photo and put it on the internet, along with a lot of other false information which they can't prove."
"We have defamation laws in Australia which aren't strict enough."
How-to lacking
It's been giving would-be bosses how-to lessons since 1941, but the one thing the NSW branch of the Australian Institute of Management can't seem to do is make a profit.
Or exist. Members voted on Thursday to amalgamate the loss-making NSW branch with the Queensland arm.
The NSW arm spent 2012 undergoing an expensive exercise described by its directors as a "strategic transformation" at the same time as grappling with a $1.8 million fall in revenue "resulting from increased competition and a fall in completion rates in respect of qualifications students".
This meant job losses, which cost an additional $484,000 in redundancies and management time.
All up, the branch lost $2.4 million for the year - and the situation would have been far worse if it hadn't reaped a $5 million gain by selling its North Sydney office and another property.
Passing the baton
Is this the beginning of the end of the Age of Boris? Veteran corporate stousher Boris Ganke has stepped down as chairman of Chapmans, the investment company of which he's been a director for a mere 39 years. His replacement is Robert Crossman, the managing director of boutique corporate advisory Corpac. CBD notes Corpac was sole financial adviser on a $700 million finance package put together in 2008 to fund a power plant being built by Ric Stowe's Griffin Group.
Stowe's group collapsed in 2010 owing about $1 billion, so let's hope Chapmans has better luck.
Meanwhile, Ganke remains on the boards of his other two ASX vehicles, Longreach Oil and Southern Cross Exploration.
Judge not happy
Administrators of flamboyant Gold Coast businessman Peter Drake's failed LM Investment Management empire have been given an expensive lashing by Queensland's most senior judge.
John Park and Ginette Muller were trying to turf the trustees of LM's Managed Performance Fund, KordaMentha and Calibre Capital.
The trustees were appointed by the Queensland Supreme Court in April, replacing LM Investment Management.
Last week, Chief Justice Paul de Jersey said Park and Muller's attempt to get rid of KM and Calibre was "an unhelpful intrusion by the former trustee into the new trustee regime" and, while the pair had claimed to act for investors, they were actually "pursuing their own agenda". He ordered them to pay costs on an indemnity basis.
Frequently Asked Questions about this Article…
The article profiles Jamie McIntyre as a motivational speaker and budding politician who promotes the 21st Century Australia Party and a 21st Century Financial Education Summit (featuring Arnold Schwarzenegger). It also notes a disputed photo that appears to show him with controversial property spruiker Henry Kaye, which has raised questions about associations investors might notice.
Henry Kaye is described as a property spruiker whose get‑rich‑quick empire failed in 2003, owing about 3,500 investors up to $60 million; he was banned for five years in 2010. The article highlights him because a photo allegedly showing him with McIntyre has circulated, which can prompt investor concern about past associations.
McIntyre said the only photo he recalled was from about 10 years earlier (he estimated around 2005–2007), that he gets photographed with thousands of people, and denied any ongoing relationship with Kaye—saying Konrad Bobilak, who appears in the picture and works for McIntyre, is the one with ties to Kaye.
Members voted to amalgamate the loss‑making NSW branch with the Queensland arm after a year of strategic transformation and a $1.8 million fall in revenue tied to increased competition and lower course completion rates. The branch reported a $2.4 million loss for the year, including $484,000 in redundancies, though it avoided a worse outcome by realizing a $5 million gain from selling property.
Long‑time chairman Boris Ganke stepped down after 39 years and was replaced by Robert Crossman, managing director of corporate adviser Corpac. The article flags this because Corpac advised on a $700 million finance package for Ric Stowe’s Griffin Group (which later collapsed), a detail investors might consider when assessing governance and advisory track records.
Administrators John Park and Ginette Muller tried to remove newly appointed trustees of LM's Managed Performance Fund (KordaMentha and Calibre Capital). Chief Justice Paul de Jersey criticised that attempt as an 'unhelpful intrusion' and said the administrators were pursuing their own agenda; he ordered them to pay costs on an indemnity basis.
The article notes that Corpac was the sole financial adviser on a $700 million finance package for a power plant built by Ric Stowe’s Griffin Group, and that the Griffin Group later collapsed in 2010 owing about $1 billion—an example the article uses to highlight past high‑profile finance failures.
McIntyre is quoted criticising anonymous online smear campaigns and false information, saying Australia’s defamation laws 'aren't strict enough.' The article suggests investors should be cautious about unverified online claims and consider context, dates and evidence before judging a person’s or company's track record.
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