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Quick Takes: April 29, 2008
  

‘Good Idea’ Quickly Turns Bad for Employees


Employees of a cold-calling firm are left out in the cold after the boss is discovered to be an alleged fraud.
By Garry Kranz
Comments 0 | Recommend 0

Phony Boss, Phony Company: Everyone knows a story about a bad boss. But few tales top that of a handful of employees of an apparently defunct British company with the ironic name Now That’s a Good Idea. The firm purportedly used telephone canvassers to compile lists of potential investors on behalf of investment brokerages. As it turns out, working for the cold-calling company turned out to be a bad idea all the way around. Employees probably wish they had done background checks on company founder Julian Blee, after learning he is an ex-con who was masquerading under an assumed name and running a bogus company.

According to an article published April 18 in Scotland’s Edinburgh Evening News, the company suddenly shut down in the wake of revelations that Blee, 40, whom employees knew by the name of Julian Bradshaw-Kempton, served four years in prison for fleecing investors of more than £10 million (about $20 million) in a fraudulent whisky and Champagne scheme in the mid-1990s. In that scam, Blee and three other men were jailed for duping investors into “believing they were cornering the drinks market in the run-up to the millennium, but [who] lost out,” according to the newspaper.

The telephone canvassers Blee hired reportedly are owed “thousands of pounds in unpaid wages,” and it’s unclear when or if they will be able to recover their earnings. One of the ex-employees described Blee as “a likable guy” who promised to make good on the back pay, according to the newspaper.


Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.


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