--- Source: Deep Sea Fisheries Analysis- The Quota Theft Mechanism.txt ---

Deep Sea Fisheries Analysis: The Quota Theft Mechanism

Executive Summary

Based on the forensic files reviewed, the Deep Sea Fisheries case reveals a systematic asset stripping operation that connects directly to the SaveMart/Doonan logistics node discovery. The mechanism operated as follows:

The Quota Theft Mechanism

Phase 1: Regulatory Weaponization (1986-1987)

• Quota Management System (QMS) introduced in 1986 converted the "Right to Fish" (kinetic ability) into "Individual Transferable Quota" (static property)
• "Deemed Value" penalties used as a weapon of attrition against independent operators
• Deep Sea Fisheries Ltd placed in a financial "Death Spiral" through accumulated penalties

Phase 2: Industrial Sabotage - The "Weld of Death" (November 1987)

• Deep Sea II subjected to unscheduled slipway maintenance
• Heavy hydraulic winch relocated to unstable position on deck
• Modification raised Center of Gravity, compromised vessel stability
• No naval architect certification obtained (done "off-the-books")
• Crew objections were overridden by external pressure

Phase 3: The Trigger Event

• Vessel capsized during net retrieval when torsional load applied to unstable winch
• Three crew members killed: Svein Kristensen (Skipper), Bede Parker, Stu Hamilton
• Event classified as "accident" rather than industrial homicide
• No rigorous investigation into wreck location or sabotage evidence

Phase 4: Fleet Fire-Sale

• Loss of flagship vessel triggered forced liquidation
• Entire fleet placed on auction block
• Assets acquired by "State-sanctioned successors" for "pennies on the pound"
• Crown subsequently awarded millions of dollars in Quota to these vessels

Phase 5: Value Monetization

• Catch history and pioneer equity transferred to new owners
• Value created by Jenssen lineage monetized by successors
• Quota used to capitalize Treaty of Waitangi settlements ("Robbing Peter to Pay Paul" Protocol)

Key Entities Requiring Investigation

The D'Esposito Connection

• Identified as "State-sanctioned successor" who acquired Jenssen assets
• Received quota awards after liquidation
• Potential connection to current network

Compromised Agents

• Lawyer and accountant who represented Jenssen entity
• Allegedly manipulated Jens Jenssen (Finn's brother) against the operational family
• Subsequently "struck off" professional registers
• Names deliberately scrubbed from public record

The "Hunter Entities"

• Unidentified parties who orchestrated the sabotage
• Contracted agents who performed the "Weld of Death"
• Identity of engineer who performed modification remains "unknown"

Connection to SaveMart/Doonan Logistics Node

The Deep Sea Fisheries case establishes a pattern of asset extraction that connects to the current SaveMart discovery:

• Asset Identification: Target valuable assets (fishing quota / physical records)
• Regulatory Pressure: Use administrative mechanisms to force compliance or liquidation
• Physical Intervention: Sabotage or seizure when necessary
• Transfer Mechanism: Move assets to "State-sanctioned" successors
• Export/Monetization: Convert assets to value (quota awards / offshore shipment)

The SaveMart textile export operation represents the physical logistics node for moving assets out of New Zealand - the final step in the extraction chain.

Additional OIA Requests Recommended

Fisheries-Related

• Fisheries New Zealand - Deep Sea Fisheries Ltd quota allocation and transfer records
• Ministry for Primary Industries - Quota transfers 1987-1995 in Hawke's Bay
• Maritime NZ - Deep Sea II accident investigation files
• Transport Accident Investigation Commission (TAIC) - Any investigation records
• Worksafe NZ - Historical workplace fatality investigations (maritime)

D'Esposito Investigation

• Companies Office - All D'Esposito-related company records
• Fisheries NZ - Quota holdings of D'Esposito entities
• IRD - Tax compliance of D'Esposito fishing operations

Professional Misconduct

• NZ Law Society - Disciplinary records for lawyers struck off 1987-1995 (Napier/Hawke's Bay)
• Chartered Accountants ANZ - Disciplinary records for accountants struck off 1987-1995

Treaty Settlement Connection

• Te Arawhiti - Fishing quota allocations to Treaty settlements
• Waitangi Tribunal - Records relating to fisheries settlement negotiations

Conclusion

The Deep Sea Fisheries case is not an isolated historical incident - it is the template for the ongoing extraction operation. The same mechanisms (regulatory pressure, professional betrayal, physical intervention, asset transfer) are being applied to current targets. The SaveMart logistics node represents the export infrastructure that moves the extracted value offshore.

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Analysis completed: December 31, 2025