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Dragons Den Stars Duped Out of 230K By GPS Entrepreneur
Article by: Darren Griffin
Date: 13 Feb 2012
Two stars of BBC show Dragon's Den, Theo Paphitis and Peter Jones, claim they have lost an investment of £230,000 to Swiss-born entrepreneur Jean-Claude Baumgartner who they allege faked documents and blew the money on his extravagant lifestyle.
Baumgartner appeared on a Sports Relief Dragons den special in 2010 to present his 'Satski' GPS and software. he accepted an offer of a £130,000 investment and later secured a further £100,000.
He was due to appear at Blackfriars Crown Court last Monday but failed to appear, citing weather related travel difficulties. The hearing was adjourned until 9th February when he once again failed to appear claiming he was unable to afford the flight tickets.
A warrant has now been issue for his arrest and a European Arrest Warrant is being sought.
Baumgartner denies two counts of fraud.
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| Comments
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 Posted by MaFt on Mon Feb 13, 2012 10:12 am |
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Not good, I reckon whoever Peter & Theo got to check over the paperwork will be panicking somewhat!
MaFt
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| Posted by Colin58 on Mon Feb 13, 2012 11:24 pm |
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eah, who ever done the due diligence must be a touch worried.
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| Posted by MaFt on Mon Feb 13, 2012 11:26 pm |
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| Colin58 Wrote: | | due diligence |
That's what I meant! Just my mind went blank...!!!
MaFt
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| Posted by M8TJT on Mon Feb 13, 2012 11:38 pm |
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Not as legally accurate, but I prefer MaFt's 'check over the paperwork' 
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| Posted by DennisN on Fri Feb 17, 2012 12:35 pm |
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Hmm. I was thinking of HIGNFY Episode #36.8 (but can I get a link to play it? No I can't!!).
Dennis
If it tastes good - it's fattening.
Two of them are obesiting!! |
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| Posted by AliOnHols on Fri Feb 17, 2012 1:15 pm |
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| DennisN Wrote: | | Hmm. I was thinking of HIGNFY Episode #36.8 (but can I get a link to play it? No I can't!!). |
Apparently, HIGNFY 36.8 shall be repeated on Chanel "Dave" next Friday 24th. But I don't get the connection between Jerry Springer, Ken Livingstone, Katy Brand et al and SatSki 
Garmin Nuvi 2599
Android with CamerAlert, OsmAnd+, Waze & TT Europe.
TomTom GO 730, GO 930, GO 940 & Rider2.
SatMap Active 10 & 20. |
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| Posted by DennisN on Sat Feb 18, 2012 9:24 am |
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It's the funny things that old men think about - I merely remembered that one of the names mentioned in the programme is Randy Baumgartner - I have no recollection why he's mentioned unless he's an odd one out.
Dennis
If it tastes good - it's fattening.
Two of them are obesiting!! |
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| Posted by AliOnHols on Sat Feb 18, 2012 9:59 am |
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That's good enough for me DennisN.
Garmin Nuvi 2599
Android with CamerAlert, OsmAnd+, Waze & TT Europe.
TomTom GO 730, GO 930, GO 940 & Rider2.
SatMap Active 10 & 20. |
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| Posted by MaFt on Sat Feb 18, 2012 11:03 am |
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So, back on topic...
He's now been jailed for 2 years 8 months according to Tech World
MaFt
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