DeMarco borrowed the money to buy shares in a company that owned two prized World War II fighter planes. But the Jackson trust was not repaid and, by 2016, with interest the debt had swollen to $1.1 million. To try to repay the loan, DeMarco diverted to his own company more than $2m from an Auckland aviation charity that was to buy three planes from The Vintage Aviator. He negotiated the sale of the three planes, but at a price inflated by a “secret commission” of $621,000.
Piers Fuller/Stuff
Eugene DeMarco was a production manager for The Vintage Aviator Ltd. (File photo)
An appeal was planned, DeMarco’s former lawyer indicated in court. DeMarco had wanted the bankruptcy case delayed while he appealed against the court decision on which it was based. The judge said at this stage there was no appeal, and if one was filed it would face a high hurdle”. The creditors had waited long enough, and shouldn’t have to wait to see if DeMarco could mount a challenge to the debts.
Ross Giblin/Stuff
Sir Peter Jackson and others have an outstanding civil claim against DeMarco. (File photo) There was evidence the creditors could repay the money if the judgment was reversed on appeal.
Updated: 2:56 PM CDT May 19, 2021 Associated Press A rundown of notable films coming out this summer and their trailers:May 28 A Quiet Place Part II (Theaters): In this sequel to John Krasinski s 2018 hit, the Abbott family (Emily Blunt, Millicent Simmonds, Noah Jupe) ventures away from their home while trying to survive the creatures that hunt by sound. Cruella (Theaters, Disney+ Premier): A live-action origin story for the 101 Dalmatians villain Cruella de Vil, starring Emma Stone. June 4 The Conjuring: The Devil Made Me Do It (Theaters, HBO Max): Paranormal investigators Ed (Patrick Wilson) and Lorraine Warren (Vera Farmiga) are back at it in another case, this time a fight for the soul of a young boy. June 11 In the Heights (Theaters, HBO Max): Lin-Manuel Miranda s other Tony-winning show, In the Heights, about life in New York s Washington Heights, gets a big-screen adaptation in John M. Chu s exuberant musical starring Anthony Ramos, Corey H
Summer blockbuster movie calendar kmbc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kmbc.com Daily Mail and Mail on Sunday newspapers.