The Pickering Post
Saturday, 24th March 2018

If you would like to be involved or support the upkeep and further development of this site, it would be very welcome no matter how small.


Larry Pickering

Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.


SKY’s attempt to sanitise Graham Richardson is a disgrace and made more obscene by Richardson’s attempt to sanitise himself using a willing and giggling Alan Jones as a co-broadcaster. But Alan might have to find himself a new best friend if ICAC and Kate McClymont of the Sydney Morning Herald have their way.

ICAC has known of Richardson’s dealings for many years and it wants him badly.   

Kate McClymont is one of the very few good journos who still reside at Fairfax and once she smells a shithouse rat, the rat can usually kiss its arse goodbye... and that may well be the fate of one of the slyest crooks ever to be sacked from a Labor Government.

ICAC investigators have been taking statements over a particular property deal in which Richardson was engaged as a lobbyist.

In a separate development, McClymont claims the NSW state branch of the ALP has handed to ICAC a vast amount of emails covering the period 2004 to 2010. Richardson has again become a person of interest in ICAC investigations.

Forget Richo’s predilection for hookers and love boats, he wasn’t called the “Minister for Kneecaps” for no reason, and he wasn’t sacked as a Senator for the reason he said he was.

Richardson, says McClymont, is currently listed on the lobbyist register as having one client... property developer Lang Walker and his company, Walker Corporation. According to Australian Electoral Commission records, since 1998 Walker Corp has donated $2,253,480, mainly to the ALP.

Richardson had suffered a financial setback after a prolonged legal battle with the Australian Tax Office when he claimed that the funds in his Swiss accounts (there were two of them) were a gift from his close friend, the late disgraced, Rene Rivkin... Bloody rubbish!

After the Offset Alpine arson job, Richardson had socked away his share of the $53 million fraud in Swiss bank accounts, the discovery of which makes fascinating reading.

(The ATO’s “confidential” settlement was for a mere $1 million. The ATO had no interest in the fraud but the ICAC did have and it’s been trying to nail Richardson for years... it now appears it might.)

Later it was revealed that Richardson had transferred $1 million from one of his Swiss Bank accounts to a bank in Beirut.  

The Beirut account was operated by a close associate of Richardson's friend, Eddie Obeid.

Richardson said that he didn't recall the transaction but if he did transfer the money, "it was under the instructions of Rivkin". Of course his “friend”, Rene Rivkin, who committed suicide rather than face the music, was in no position to deny the allegation.

Kate McClymont and ICAC may be interested in the Pickering Post exclusive related by an insider over two years ago. It’s a forensic account of exactly what Richardson was up to, who he was shagging, where the money went and how the Offset Alpine arson job unravelled... it reads like a Mafia mob thriller, as follows:

ASIC always knew the proceeds from the Alpine Offset insurance scam were in Swiss Bank accounts but they could never prove it. In those days numbered accounts were impenetrable. Richo, Rivkin and Kerry Packer’s offsider, Trevor Kennedy, were safe. Until an incredible train of events occurred and, as usual, Rivkin handled it woefully.

There were two Swiss banks, Leumi and EBC that held 38.5% of the $53 million insurance payout on the Offset Alpine fire. Richo had regularly withdrawn large sums, distributing that money to odd banks around the world. But something unusual was about to occur that would blow the scam apart.

Groups of Swiss accounts are held by a nominee director who remains responsible for the funds. Unless other arrangements are made, this director's permission is required to withdraw funds.

The Offset Alpine funds were appointed a Mr Ernst Imfeld who decided, without permission, to invest the money on Forex, make a profit and return the principal, keeping the excess for himself.

Ernst Imfeld was a pudgy, overweight crook, he had already been sacked from Credit Suisse Group for embezzlement of $300 million and was once more in charge of millions of other people’s money.

That would have been fine except that crooks invariably make crook investments and Rivkin was astonished to see the amount in his account varying wildly. (In one week there was a curious extra million Euros in his account.)

It was obvious someone was shifting funds between accounts, temporarily, to cover losses.

Rivkin phoned the bank and the bank asked Imfeld for an explanation. His explanation to the bank was that he was acting under Rivkin's instructions.

Rivkin of course knew nothing about any trading on his account and immediately phoned Imfeld himself. Imfeld pleaded with him to say that he had his (Rivkin's) authority to trade.

"Why would I do that?" asked Rivkin. "Because", said Imfeld, "If you don't, I will go down and I will fucking take you with me."

Rivkin simply laughed, he shouldn’t have, instead he hung up the phone and caught a plane to Zurich.

Rivkin was seated when executives of the bank hauled Imfeld into the boardroom.Rivkin then categorically denied he gave any authority to trade his money.

Ernst Imfeld was sacked.

But an angry Imfeld had all the bank documents and had been carefully following Rivkin's denials to the Australian authorities that he, Richardson and Kennedy were the owners of the secret accounts

With measured retaliation, Imfeld quickly searched the names of finance journals in Australia. He settled on the "Australian Financial Review".

A week later at 2am the AFR fax machine started spitting out private Swiss bank account details... emails, instructions, account numbers, names and addresses, everything!

Hundreds of documents had tumbled from the fax to the floor by the time staff arrived.It was all in German but staff immediately recognised the name Rene Rivkin and a bank. Before the translation was complete they knew they were on to something big.

A senior AFR journalist, Andrew Main, (now with The Australian) began to unpick the Offset Alpine insurance scam in all its gory glory. From memory he received a Walkely Award for the story.

Kennedy and Richo were furious with Rivkin for not playing ball with Imfeld. This was not the first time Rivkin had stuffed up. It was the end of a long friendship between him and Kennedy, and Richo wasn't happy at all... he now had to settle with the ATO for a million dollars.

ASIC's eight long years of trying to penetrate those Swiss accounts were over. They had all the evidence they needed right there within the pages of the Australian Financial Review. And that evidence discounted everything that Rivkin had told the courts.

Among those said to have benefited from the Offset Alpine arson were Channel Nine's Sam Chisolm, Ray Martin and his wife and Governor-General Bill Hayden. There were many others in the scam who didn't take the perilous Swiss option.

No definite cause of the fire has ever been established, mainly because Adler's FAI Insurance Company was in charge of its own investigation into insurance fraud. Adler had purchased 9% of the Company's shares two days before the fire.

Inquiries to the 'Fire Investigation Unit' of the NSW Fire Service reveal they are under instructions not to release any documents concerning the case to the public.

It appears someone important is at risk and that same "someone" is important enough to be able to suppress what should be on the public record.

Rivkin, who had already been convicted of insider trading, had now clearly perjured himself. He never regained his Midas touch.

Richardson was born into the world of Labor hoods and hitmen: The Catholic NSW Right.

Rene Rivkin was the financial guru to Labor MPs and he headed the 'Ways and Means Committee' which afforded illicit financial security for many in the Labor Party.

But very little happened without prime head-cruncher Graham Richardson, who had his own hand firmly stuck in the cookie jar.

From arson, extortion and tax fraud to Swiss bank accounts, bashings and murders there are no surprises within Labor's notorious inner sanctum sandwiched between 377 and 383 Sussex Street.

The then NSW ALP General Secretary Sam Dastyari, planned to relocate as the stench was becoming unbearable but there was no talk of reformation.

Another member of the notorious NSW Right, Paul Keating, as PM welshed on close friend Achilles Constantinidis as he offloaded 25% of his insolvent piggery to the Indonesian for millions.

In October of 1993, (amazingly at the very same time as an unknown Julia Gillard was embarking on another illicit venture) Prime Minister Keating was flying home from an international conference and made a brief stop-over in Jakarta.

The official reason given was visiting his friend, President Soeharto.

Keating, with his ever-present political minders and journalists, was booked into the Grand Hyatt. What the Press didn't know was that Keating's mate, Warren Anderson, had also flown into Jakarta that day to negotiate the deal with the Indonesians while Keating nervously stayed on the phone at the Hyatt.

Keating denies this took place. But Keating lies.

An Indonesian affiliation with pigs seems anomalous but it netted Keating a tidy $4 million in a tax-avoidance scam that went undisclosed to Parliament. He has never been brought to account.

The Indonesians’ code-name for Keating's was "HE" (rumoured to represent "His Excellency").

Richardson's value to the mob was his ability to have either foot in both media and ALP camps. He was a reliable, yet self-serving, conduit between both.

The following info on Rivkin and Richo will make Richo's blood run cold. But forget the writs mate, there is much more than this:

Fia Cumming is now a horse breeder and trainer at a property, Blake's Heaven, just outside Canberra. She was once a librarian, eventually becoming an ambitious junior reporter at News Ltd and was bonking Richardson.

Richo went to extreme lengths to keep the affair secret. Even costs and expenses of the dalliance were diverted through Rene Rivkin's 40-year-old private assistant, Catherine Saunders-Watson.

Catherine became an expert in fine arts and often attended auctions to secure bargains on Rivkin's behalf. It is unkown that Rivkin was actually a Philistine when it came to fine art.

Fia Cumming was no model type but her ambition excused any qualms she had about bonking an unattractive slob like Richo.

When he was Sports Minister, Richo attended the Seoul Olympics as Australian Government representative. Mrs Richo did not attend, instead he had Rivkin's assistant Catherine arrange tickets and air fares for Fia.

Rivkin's office was used by Labor heavies for everything from hookers to love boats and Richo's rendezvous in Korea with Fia.

Later Richo arranged for Fia to have private interviews with the pillars of Sussex street, Bob Carr, Laurie Brereton, Paul Keating, Leo McLeay and of course Richo himself.

The interviews resulted in a book: "Mates, Five Champions of the Labor Right" by Fia Cumming. This gave Fia the profile she yearned. But she never reached permanent status within the mob.

Everyone wanted to know Rene Rivkin and Catherine often had Labor Ministers lining up in her office waiting to see him. Both Keating's and Hawke's share portfolios were handled by Rivkin and he aggressively courted media clientele.

Kerry Packer had sent his 21-year-old son at the time, Jamie over to Rivkin's office for lessons in handling money but Jamie finished up handling Catherine instead.

Rivkin was fixated with the tryst and he revelled in the gossip and innuendo.

Anyway, Rivkin and Richo were the perfect duo. Their mateship was mutually beneficial, although Rivkin didn't have the regular testosterone flushes of Richo.

He was a Jewish atheist and not homosexual as was generally thought.

Rivkin was the perfect monetary mentor for Richo and, as Minister for the Arts, he handed Rivkin a prestigious appointment to the board of the National Gallery of Australia.

Richo also provided Rivkin entree to the politically powerful and in return Richo had acquired an introduction to the dark side of share trading. But all wasn't as it seemed.

Rivkin, with his dodgy Rivkin Report, continued to elude the clutches of authorities. Financial advice can only be given by persons holding an AFS Licence. Newspapers are legally outside that licensing condition and seen as impartial commentators.

The Rivkin Report was, for all intents and purposes, a legal newspaper but its role was a sinister one and far from impartial.

Rivkin would buy shares via other entities and then promote those shares as "hot" to his subscribers. Of course, the shares' value would dramatically rise due to demand, and to the delight of his subscribers.

The trouble came when Rivkin's advice was to sell.

His subscribers were then invariably faced with a loss because Rivkin had already dumped his own shares through the other entities at their peak.

Traders and authorities knew what Rivkin was up to but they could never nail him.

Rivkin's successes led to an arrogance that contributed to his eventual downfall. He placed a half page advertisement in the Daily Telegraph for the Rivkin Report stating that the head of ASIC at the time, David Knott, was one of his subscribers from Nowra and had endorsed his report.

A stupid thing to do and it led Knott to come after him with a renewed vengeance.

Richo and other "notables" including Kerry's offsider Trevor Kennedy and Ray Martin were involved in the Offset Alpine scam.

Kerry owned the printing company but wanted nothing to do with the proposed scam.

It was simple really, suddenly the Rivkin Report was spruiking a printing plant he had invested in as "...a great buy and drastically undervalued."

Rivkin outlayed a mere $3 million in borrowed funds for the shares. But this investment had another dimension.

Rivkin insured the plant for $53 million through his friend Rodney Adler's underwritten FAI. You see, Adler was also in on the deal.

Then one foggy Xmas eve the printing plant burnt down.

Accusations abounded but no-one was found guilty, including Richo, who authorities fortuitously discovered his share of the scam, $7.4 million, was socked away in anonymous Swiss bank accounts.

All had made a killing and were apparently untouchable, although Richo had to resign from Parliament and eventually settle with Rivkin's "fiscal fiend", the ATO, for an undisclosed sum of $1 million.

Rivkin bought two nightclubs, one in Double Bay and one at Star City. He then forged relationships with bikies for personal protection... some angry people had sustained serious losses due to the Rivkin Report.

In 2001 the paths of Rivkin and Kings Cross boss John Ibrahim crossed when the latter seized control of Rivkin's nightclub, Embassy, at Double Bay.

The bikies had held a small shareholding in the clubs and they went to the Embassy Club in Double Bay and shot the place up, demanding full ownership.

Rivkin brought in negotiators but he eventually capitulated.

Then followed the murder of Caroline Byrne who it was reported knew too much. She was the girlfriend of Rivkin's driver, Gordon Wood, who was found guilty of pushing her over The Gap.

There were notable court appearances, including by Graham Richardson, but regardless the jury convicted Wood of Caroline's murder.

He served 31/2 years before being, many believe, unconvincingly acquitted.

Eventually Rivkin received a jail sentence for insider trading of some Qantas shares. That sentence was to physically and mentally break an already fragile Rivkin.

You see, Rene Rivkin wasn't who they thought he was. He adored his devoted wife, Gayle and many children who didn't know his "immense" wealth was only illusory.

Rivkin was millions in debt, all his assets were encumbered to willing banks. He owned almost nothing of his $10 million home, and art collection but as always, he had a plan.

He divorced his wife in a business arrangement, transferring all his "assets" to her. He alone remained responsible for the debts. He then went to live with his mother in her apartment in Rushcutter's Bay.

Contrary to what was reported, his mother found him with a plastic bag around his head filled with vomit.

That's what really happened to the sad figure of Rene Rivkin.

It's true, ask his “mate”, Richo, who now says he was acting under Rivkin’s instructions in relation to the Swiss Bank accounts.

You don’t lie, do you Richo? If you do, you had better get bloody good at it because Kate McClymont and ICAC are determined to nail you this time.

SKY’s “Richo and Jones” may soon become just “Jones”.


Missed the first couple of minutes last night, what I saw on R & J was business as usual.

Anything to the right of Labor is called far right. And that starts in the left field,

ALA are NOT far right....but I waste my time talking to a brick wall.

then you condone rape do you?

an alliance of academics(all left) and editors (ditto) ...great source for lack of bias..well done!!

good to see you coming on board

you know fuck all about cronulla

you are full of shit you are from the left

I do not give a shit about splinter groups etc, these guys are shitting on our patch. The guys in the café should take him out the Australian way. The police can only do so much, it is up to us to assist when in these situations, and say ok you bastard we the people will deal with you, you are interrupting our racing programs, and we do not like it. This guy cost me a few bucks today and I do not like it.

one of nearly a hundred such but one of the more numerous ones 12-20,000 fighters so I guess that places it in the top 5 or 10

I must admit that the incident is a little strange...believing that there was more than one made it seem a typical jihad style attack.....but reports say that it is only one and now he wants an IS flag for hostages...seeing as he is his mid40s and at that age the jihadist are using kids not themselves, it would seem that he is a "born again Muslim"(if that is possible) and more interested in making a media circus than actually killing least I hope so

Notice how the msm TV is pushing the fear factor now. That is exactly what they want us to feel - fear. And that was the aim of all previous false flags.

ardeotis.........and Pink Star Wine.

Thanks Flysa. If I remember correctly, it was Greiner's government who brought in the legislation, then he was the first caught under it.

Craig Thomsen gets off the hook..... who appointed the judge ??

I'm glad you gave Dastyari a mention...he is another who needs to be investigated. After dropping out of university twice and cementing a prominent position in the top echelons of Labour by the tender years of his late twenties with no worldly experience he all of a sudden is able to purchase an expensive property. A price tag of 1.3 million has been quoted. Please explain Mr. dastyari ?? and also explain your links to one or some shady property developers ??

Earlier, someone posted that this could be a false flag, which I can't find now.. After current reports that this incident is simply a scare tactic, it is beginning to look that way. My guess is that it will simply fizzle out, no one will be hurt. Certainly reinforces the need for more 'security', and not just in Sydney Yes, I know I am a cynical bastard.

Now we are worried about copycat similars popping up all over the country but no mention of Islam s a possible reason and in the meantime the media gives them total coverage. We should just ignore it and leave it to the cops

A crime? Not yet an act of terrorism? WTF!! We HAVE the Arabic translation. We care governed by IDIOTS!

The Prime Minister on Sky News saying attack may be politically motivated. Blind Freddy can see it is religiously motivated. I have just come back from a trip into town and I can't believe those two pricks aren't dead.

Now they are saying that the US Embassy (who created ISIL) has been evacuated and the Law Courts (who always support the terrorists) have also been evacuated! Craven cowards the bloody lot of them!