McCoy intimidates Ruth Rothery on Tuesday March 10, 2020:
We have been advised that McCoy and his mother arrived unannounced at Mrs Rothery's property on Tuesday around lunchtime. His mother remained in his latest car while McCoy conversed for some time with Mrs Rothery. He badgered her about what he had done for her (apart from relieving her of $50,000) in trying to assist her with other bullshit endeavours. When Mrs Rothery asked him several times about him repaying her $50k loan, he swerved the question each time and just went on and on about how good he had been to her. It's clear that he was looking to get his name off Wikifrauds and to pursuade her to keep silent. There are not too many scammers who prey on elderly defenceless women, and McCoy is the very worst of these bottom feeders. He has threatened us with legal action on countless times, but he hasn't got the balls to do it.
 
Further, we have now received copies of correspondence from McCoy to Ruth Rothery, some quite threatening. Unfortunately, McCoy, who we think is bi-polar and a control freak, has a tendancy to rant on at a nauseas level and his letters just go round in repetitive circles page after page, so we have produced below a lot of this correspondence in one pdf file. Sorry to you the readers for having to see so much diatribe from this conman. These combined letters to Ruth are absolutely full of malicious accusations, excuses, lies, threats and blame-shifting from McCoy. See pdf file.

Independent mediator's report:
“I Douglas James Reti  of 40  Angelsey Street Kangaroo Point Qld
write this testimonial to assert that as requested by Mrs Ruth Rothery I did act as mediator concerning a debt between the above & Mr Douglas McCoy of $50,000 +loaned on or about 10 October 2017.  According to Mrs. Rothery the debt was to be for a maximum period of 8 weeks covered by a written contract between the 2 parties. The contract stated that the loan would attract an immediate return of $5000 & thereafter a further $5000 per month on the same date until paid in full. Mrs Rothery Jas not received any repayments or interest on this loan.
Mr Douglas McCoy stated that he had sold the contract to Mr John Alexander. Mrs Rothery claimed that this would be illegal as she had not given any authority for this to happen & Mr McCoy was of the opinion that he had the right to do so. During the meeting I observed that Mrs Rothery had prepared direct & precise questions to which Mr McCoy was unwilling to take responsibility & provide any further information other than the loan belonged to Mr Alexander & it was up to him to make repayments.
MRS Rothery has since contacted Mr Alexander whose real name is Xxxxxx, who adamantly denies any such AGREEMENT.
MRS Rothery has informed me that she has placed her case with detectives of the CIB Southern Investigation Branch.”

We also now have a listing of who obtained what amounts of Ruth's total monies lost in addition to what she lent to McCoy direct. This has been provided by an insider, and we have no reason to doubt the email contents. Our observations and comments are in red.

"This is from memory and is not to the dollar it is a big ask with no paperwork to back it up 

The companies and directors that got ruths money 

KK Developments p/l Director Kelly     We ave reason to believe that  KK developments  and Forsyth  are owned by Clarence Boyd Nelson.

BL Retirement living p/l Nelson              The same Nelson as above.

to the best of my knowledge this is where the money went 

Rent Factory Keysbough Victoria  $100,000.00 plus  Supposedly owned by Forsyth (John Alexander, Keith Kelly, Boyd Nelson)

Leases on cars                               $80,000.00 plus 

Deposit on land Beenleigh              $50,000.00 plus 

Buying a second mortgage from a builder who had already lost the block to a first mort gee                                           $85,000.00

Jim                                                    $50,000.00      Jim Bogoevski, shares accomodation with Nelson

Nelson                                               $20,000.00       Clarence Boyd Nelson, Gold Coast Solicitor.

Kelly                                                   $20,000.00

McCoy Brokerage                             $20,000.00

McCoy borrowed                               $60,000.00

LMC Money borrowed went into kk Dev $60,000.00     Keith Kelly along with Nelson at the helm

Silver chef  equipment Victoria         $80,0000.00 plus   Forsythe

This is to the best of my knowledge but a lot more cash went elsewhere at the request of Jim and nelson   That's Jim Bogoevski and Boyd Nelson.

"PS Re Foleys involvement he was introduced to me by McCoy stating that he could get the overall funding for Forsythe manufacturing and the ice cream ,Foley said that it would be easier for him to get the money if he was a director and shareholder ,he then said that McCoy should get some shares as with the money that he could raise giving away shares did not matter the rest is history 
Regards L"

We have been trying to get both Ruth and Eleanor out of the clutches of this bastard McCoy for some time now, without success . . . so far. But not only is McCoy a nasty con-artist, he's also stupid to say the least. He has apparently complained to police that he was recently assaulted by someone who is somehow officially connected to us. Well, we do have an informal relationship with the alleged assailant, however on the day cited by McCoy as the day this alleged assault took place, the contact of ours was in the company of another friend of Wikifrauds, who states quite clearly that no such assault took place. Furthermore, McCoy is claiming that Ruth was a witness. Indeed, Ruth was nowhere near the place at the day and time McCoy claims he was assaulted. And even if  his allegations were founded in fact, she would be the last person alive who would support his ludicrous allegation. He has conned her bigtime - why would she support him. She has also confirmed to police that she knows nothing of this matter.

McCoy has also told Ruth that he paid some $10,000 to have his name removed from our website. A complete baldfaced lie. And we must add that should he ever pay anything to us remove his "good name", any such money would be passed on to Ruth and Eleanor. This man just can't help telling lies and conning anyone he can.

Another large con was perpetrated on Ruth a few years ago. McCoy talked her into lending him $50,000 for renovations on a house in Wellington NSW. She lent him the money but wisely took a caveat out on the property. McCoy has not paid one cent back to her and refuses to do so. So he can't sell the property, but doesn't want to anyway, so poor old Ruth, who is in her nineties, is left swinging in the breeze. The loan was for a couple of months only!
A copy of this caveat that McCoy denies having lodged can be viewed here.

We have several copies of these bogus and unenforceable agreements upon which he has relied to lodge the caveats mentioned, and we will publish more of these in coming days. Read below how Mrs R's money was distributed and to whom. This has come from an informant who was in on the deal, one Les Cheers. It is pasted from a text message from him to our contact. We have idicated in red who these people are.

RaymondConfirming yesterday's meeting My statement  Re Ruth breakdown to best of my memory
Kk dev         $250,000                         Keith Kelly
Nelson.        $450000                           Boyd Nelson, disbarred lawyer.
Jim.               $100,000                         Dimce (Jim) Bogoevski
McCoy.         $60,000.00                     Doug McCoy
Me.on behalf kk $60,000.00                 John Alexander supposedly on behalf of Keith Kelly but we don't believe that.
Raymond that is as close as I can get it Regards Led Sent from my iPhone 


McCoy's business is "The Australasian Success Academy", which Google tells us used to have a website but we found all links to it went nowhere. The only "success" we know of is his scamming of old women, usually in concert with Kelly, John Alexander, Clarence Boyd Nelson, and another con artist broker, Jim Bogoevski who also owes over $100,000 to Mrs R.

THE NSW PARLIAMENT HANSARD REPORT:

MR DOUGLAS McCOY INVESTMENT ACTIVITIES

Mr BRAD HAZZARD (Wakehurst) [1.31 p.m.]: In life there are scam merchants and then there is the king of the scammers—one Douglas Graeme McCoy. I draw attention to this conman who knows no State boundaries and no moral boundaries. In 2005 a northern beaches woman, Therese Foley, received advice from an acquaintance at a northern beaches church that Mr McCoy would invest her money at a particularly good interest rate. In or about February 2005 Mrs Foley invested $300,000, the proceeds of her marriage property settlement, for a period of three months with the very unaptly named Loyalty Plus Pty Limited. None of the funds has ever been repaid. Mrs Foley advised me she had contacted the New South Wales Department of Consumer Affairs and the Australian Securities and Investments Commission prior to investing the funds and was given no indication that there was a problem. The Australian Securities and Investments Commission indicated that it had no history of Mr McCoy, and the New South Wales Department of Consumer Affairs indicated that it could not give Mrs Foley any information about Mr McCoy.

Research by Mrs Foley since the loss of her money found a reference to Mr McCoy in 1994 in Parliament after Mr Richard Amery, member of Parliament, asked a question on notice. At that time Mr Amery's question produced an answer that indicated that Douglas McCoy was involved in five separate companies that had generated a total of 48 formal complaints since 1985. The response also indicated that the Department of Consumer Affairs had cooperated with the New South Wales police service in initiation of criminal proceedings against Mr McCoy, although this appears never to have happened. I am therefore amazed that the Department of Consumer Affairs offered no advice to Mrs Foley prior to her lending the funds to Mr McCoy's company when he clearly has a long history of involvement in fraudulent activities of which the department was well aware or should have been aware.

On 14 June 2007 I wrote to the Minister for Fair Trading, the Hon. Linda Burney, sending a copy of the loan agreements dated February 2005, which facilitated the investment of $300,000 for three months. The documents stated interest would be paid up front and the balance repaid at the end of the three-month term. Mrs Foley received the one interest payment back. It appears she got back some of her $300,000 as an interest payment, but the rest was never seen again. Since February 2005—today is the three-year anniversary—she has received zilch. With the benefit of the history of parliamentary questions raised over 15 years ago, it is clear that Mr McCoy has ripped off vulnerable people for almost two decades, which raises the apparent lack of capacity in the State and Federal watchdogs to act appropriately. When I first contacted the Department of Consumer Affairs and the Federal body the Australian Securities and Investments Commission, neither body had contact details for Mr McCoy. Inquiries by me turned up an address in Western Sydney and I got a mobile number for that address. Phone discussions followed with the "king of conmen".

Mr McCoy presents as a credible fellow who turns out to be utterly incredible. After my contact with him he suddenly showed up at my office on Thursday 19 July 2007 and told me that he now lived at 6 Golfview Terrace, Robina, in Queensland. Does he really? Who knows? In a 1½ hour-long talkfest Mr McCoy admitted to me that he had been in a relationship with a woman called Jacqui Blazeski, the same woman who had attended a northern beaches church with Mrs Foley and first suggested that she invest her money with him. Mr McCoy claimed he had not seen Jacqui Blazeski for 12 to 18 months and that she had lived at Bondi. He stated that Jacqui had worked for him as a secretary-personal assistant for four to five months at Loyalty Plus. It would seem more likely that Jacqui was part of the scam, hooking innocent people into Mr McCoy's financial black hole.

So what is McCoy up to today? During our meeting he told me that he had set up a business with a woman called Bridget Bryant in a company called Y Not Call Me. He maintained there were "a lot of people after her" arising out of other business dealings. He named a James Meyers in Canada, and said the company's bank account was in Delaware, in the United States. He told me that had told Mrs Foley that her money would go into a telecommunications company with millions of distributors throughout the world and that this discussion took place in his office in Pyrmont in the premises of Y Not Call Me. Mrs Foley recollects going to a presentation at a Pyrmont office, which she thought belonged to Loyalty Plus Pty Limited, where McCoy delivered his conman spiel. She told him that she had her marriage property settlement funds to invest and that effectively they were all her available funds.

At the meeting with me in July, Mr McCoy gave me chapter and verse of his tales of woe to explain why he had not repaid the money. He told me he had put up 16 properties for security for loans totalling $1.8 million. He mentioned various properties at Mumbil and Wellington, and he said he now had a place on Macleay Island, off Queensland. He mentioned another business called Self Reliance, which he had operated 20 years ago, which had also gone into liquidation after a judgement debt for half a million dollars. After listening to his conman banter I asked him to sign a document on the spot that guaranteed he would personally pay back the money to Mrs Foley. That is, instead of Loyalty Plus Pty Limited, in liquidation, being the only avenue for Mrs Foley to get her money, I asked him to sign a document saying he would pay the money personally. In the best efforts of criminals, spivs and conmen, he even posed for a photograph showing the document he had just signed, which effectively bought him another few months while Mrs Foley hoped he would pay the money.

Today is the end of the road for McCoy the conman. Nobody on the northern beaches, nobody in Sydney, and indeed nobody in Australia, should be under any misapprehension: they would have more chance of getting their money back if they stood on North Head and threw their $300,000 to the four winds. I call on the Office of Fair Trading to get its act together and ensure that in future people who make inquiries before making investments can rely on the department to give the necessary information. If someone has been on a warning list, that is where they should stay and the list should be updated. In the meantime, the people of the northern beaches want to keep a look out for a fast-talking, smooth-operating king of scammers who will rip them off as quick as look at them. Finally, Mrs Foley needs help. She needs her $300,000. If anybody knows which rock this conman is under or what assets he has that could be used to pay back Mrs Foley, I ask them to please let Therese Foley know.

Ms LINDA BURNEY (Canterbury—Minister for Fair Trading, Minister for Youth, and Minister for Volunteering) [1.36 p.m.]: I thank the member for Wakehurst for raising the issue. He has written to me and discussed the matter with my staff. The body responsible for consumer protection regarding financial services is the Australian Securities and Investments Commission. However, the Office of Fair Trading contacted the liquidator seeking further information about the circumstances of the liquidation. Fair Trading investigated Mrs Foley's complaint and is liaising with the Australian Securities and Investments Commission about Mr McCoy's investment activities and involvement with at least one failed company to determine whether any regulatory action is appropriate.

Generally, Fair Trading is not in a position to provide consumers with reputation checks unless the Minister or the Commissioner for Fair Trading has issued a current public warning about the trader's conduct that can be brought to the attention of the inquirer. In the case of Mr McCoy no public statement has been issued for more than 10 years. I place that on record, but I am very happy, as the member for Wakehurst would know, to have further discussions regarding the matter. I take on board his comments today.

Check this link to read earlier information about McCoy



Meantime, anyone who has further information on this man or who has also been conned, may contact us in confidence for further details.