Monday, July 6, 2020

America’s Cup Buffeted by Fraud and Spying Allegations

New Zealand’s plans to host the 2021 America’s Cup are in disarray amid allegations of fraud, spying and a government decision to suspend funding for the world’s most famous yachting event.

Grant Dalton, managing director of Team New Zealand, has denied claims of fraud and financial mismanagement. He said the team and organisers were the victims of spying and intentional reputational damage by people with questionable motives.

“It is a deliberate, sinister, and highly orchestrated attack which includes anonymous tip-offs, recordings and document leaks. ‘Informants’ orchestrate unfair accusations, bypassing normal processes, and going straight to external authorities,” he said.

Mr Dalton revealed this week the team had sacked a number of employees for leaking confidential information. He said his organisation had been infiltrated by spies. more