When the real estate empire began to fall apart.
HENRY KAYE FAILS LIE DETECTOR TEST
September 16, 2003 -- jenman.com.au
How much longer can this liar remain on the loose?
Last Friday, get-rich-quick spruiker Henry Kaye agreed to a request by Channel Seven’s program Today Tonight to take a lie detector test.
And last night, Monday September 15, Henry Kaye was branded a liar on national television.
It all started to go horribly wrong when Henry baulked at the first question:
“Have you ever lied to make money?”
“No, I am not going to answer that question,” replied Henry.
“Why not?”
“Because it’s a stupid question. Of course the answer is yes,” retorted a flustered
Henry. “Every single time I teach my clients to do it.”
What did he say?! Lying to make money is obvious. Therefore it’s a stupid question. And he teaches people to lie to make money. This is fraud. It can’t be happening. But it got worse.
The next question: “Have you ever lied to a consumer to make money in real estate?”
“No,” replied Henry.
Lie, said the machine.
“Have you ever lied to real estate agents to make money?”
“Yes,” said Henry.
True, said the machine. His first truthful score is when he admits he is a liar.
It goes on:
“Have you ever lied about the value of a property?”
“No,” says Henry.
Lie, says the machine.
“Have you ever promoted property in your seminars that you have a financial interest in?”
“Yes,” says Henry.
True, says the machine. Amazing admission.
Lie detector expert, Paul Wooley, said the results of the test showed that Mr Kaye is a liar and a dishonest person.
But not according to Henry. This man uses a different dictionary from most people. “It depends what you mean by dishonest.”
Well, try this.
Dishonest is telling lies to decent people in order to get them to part with their savings. Dishonest is teaching people how to earn money by using lies. Dishonest is recommending that your clients purchase real estate without them knowing you are earning thousands of dollars from the properties they buy. Dishonest is lying about the values of properties in order to obtain a financial advantage for yourself.
But not according to Henry Kaye. He seems to feel that dishonesty is acceptable business practice. And why wouldn’t he feel this way? He has been getting away with dishonesty for several years. Making millions out of lying to consumers.
Within 30 minutes of the end of the national television program which exposed him as a liar, Henry commenced a national campaign, the purpose of which, he says, is to “silence his critics”. That’s just a smoke screen. It’s Henry Kaye’s method of turning bad publicity into a stunt to exploit more consumers.
At the Melbourne Town Hall last night around 1500 people turned out to hear Henry sprouting about how they could become rich from real estate. It’s a lie.
Henry Kaye has launched a new campaign to extract more millions from thousands of mums and dads. Fortunately, before his talk ended last night, hundreds of people walked out.
But many hopefuls stayed to the end. They filled in Henry’s forms in the hope that he really can make them rich. Many will soon part with at least $15,000 each.
Within a month from now, if Henry gets his way, he will have persuaded at least a thousand more consumers to invest in his get-rich-quick courses. That’s at least $15 million for Henry. Most, if not all, of these consumers will lose their money. Henry will get richer. Consumers will get poorer.
Last night Henry Kaye was shown as a liar on national television. Last night, Henry Kaye lied to consumers at the Melbourne Town Hall. Henry’s lies are costing thousands of consumers tens of millions of dollars.
To his many critics and unhappy customers, seeing Henry exposed as dishonest and a liar was no surprise. Even his astonishing admission, “Dishonest is not really lies,” would not have shocked his critics.
No, the most shocking fact in the Henry Kaye saga is not that he is a liar. It is not that he has been exposed on national television. It is not that he failed a lie detector test. The real shock – and the most frightening fact of all – is how a man who lies to obtain money (which is the definition of fraud), has eluded the authorities for so long.
The real shock is how he can now commence a national speaking campaign which, if he gets his way, will see him reap in more millions of dollars. From lies.
Where are the regulators who are supposed to protect consumers?
The Chairman of the ACCC, Graeme Samuel, is the ultimate detector and prosecutor of corporate liars. He is the person charged with enforcing the criminal provisions of the Trade Practices Act.
Mr Samuel, there is a liar on the loose. A man who is raking in tens of millions of dollars, all at the expense of consumers. His name is Henry Kaye. He seems to have no intention of stopping. He will keep raking in millions with his lies.
For as long as you allow him to get away with it.
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