03 July 2015

Fraud: Americhip v. Dean

US company Americhip had freezing orders imposed over the assets of two erstwhile employees in Auckland who fled to China following allegations that over US$10 million was skimmed from the company.
Jason Charles Dean and his wife Juan Chen (also known as Juan Chan) are accused of fraud, allegedly using false or inflated invoices issued by dummy companies they controlled  when processing manufacturing orders in China for Americhip.  The High Court was told Americhip designs and sells advertising material and promotional products.  Production is outsourced to factories in Taiwan and China.  In 2003, Mr Dean was contracted by Americhip to co-ordinate production.  He was then living in Taiwan.  Ms Chan was hired as the China office manager.  The two later married.
Evidence was given of a tense confrontation in 2013 between Americhip executives and their two off-shore staff then living at Mr Dean’s Mairangi Bay home with claims they used Chinese labour to manufacture product “off the books” and further claiming unauthorised “margins” were being added to product supplied to Americhip.   Mr Dean and Ms Chan left for China shortly after.  Their exact whereabouts are unknown.  The court was told Mr Dean’s daughter has been occupying the Mairangi Bay house rent free subsequently.
Mr Dean claims not to be an employee of Americhip.  “Off the books” production and charging of margins is normal business practice in China, he claims.   
In the High Court, Justice Moore said Americhip’s case against Mr Dean and Ms Chan appears to be a strong one.  He ordered disclosure of the last 12 years bank statements for accounts in their names or in the companies they control.  Their New Zealand assets are frozen. ASB and HSBC are required to disclose all bank account statements, files and information they hold for the two.  The court was told Americhip also has a freezing order over the couple’s Hong Kong bank accounts and has lodged a caveat over the the Mairangi Bay property to block its sale or mortgage.
Americhip v. Dean – High Court (3.07.15)

15.074