Monday, 3 May 2010
The up and coming sentencing for Mark Bryers, scheduled for Thursday 20th May at 2.15 pm in the Auckland District Court, has caused a stir of emotions for investors as they put together their Victim Impact reports.
Thursday, 29 April 2010
Government announces 'super-regulator' for financial markets
New initiative being introduced by Government, announced by Simon Power tonight, is an insult to the many investors who have lost their life savings in the finance industry mal practices.
Thursday, 15 April 2010
A bad week for Lombard
The Securities Commission today confirmed that it has laid criminal charges against Lombard Finance & Investments directors Sir Douglas Graham, Michael Reeves, William Jeffries and Lawrence Bryant.
EUFA Meeting Human Rights Commission In Wellington Today
Eufa Representatives are meeting with the Human Rights Commission in Wellington today to demonstrate the states failure to provide protection to investors.
Wednesday, 14 April 2010
EUFA - Lombard Finance & Investments (in receivership)
In April 2008 the Prime Minister was made aware of alleged misrepresentations made by Lombard at investor meetings.
Tuesday, 16 March 2010
Securities Commission sleeps, while Strategic Finance dines on investors
On December 16th 2009 New Zealand’s House of Representatives was advised that Strategic Finance had misled its investors in order to gain votes from investors to agree to a moratorium.
Tuesday, 9 March 2010
EUFA calls on Minister to Suspend Donal Curtin
EUFA are calling on Hon Simon Power, as Minister of Justice and Commerce, to suspend Commissioner Donal Curtin from all duties within the Commerce Commission.
Friday, 5 March 2010
Government 'pussy footing' over Kiwi Saver
EUFAs concerns over KiwiSaver were foolishly ignored by Government in 2007.
Thursday, 4 March 2010
Investors will demand deliverance of Bill of Rights
Investors must demand deliverance of the Bill of Rights, as Authorities are responsible without doubt for the Finance Industries lack of compliance and many Directors and shareholders are walking away with other people’s money.
Wednesday, 24 February 2010
Justice system needs to wake up over Bryers!
The guilty pleas by Mark Bryers, are first signs of reality that the BlueChip empire is over for Mark Bryers.
Tuesday, 15 December 2009
Minister states his hands are tied over Hanover. But by whom?
On the twilight of the vote for the Hanover Allied deal EUFA members continue to call for Statutory Management of Hanover Finance Ltd, to ensure investors are protected.
Tuesday, 8 December 2009
Call to honour obligations to Hanover - Allied Finance
EUFA call on the Government to ensure Authorities honour their statutory obligation to Hanover Finance Ltd investors, by implementing their powers under current legislation, for example the Corporations (Investigation and Management) Act 1989.
Wednesday, 25 November 2009
Hanover only received Allied Farmers Proposal
Hanover today confirmed it had only received the Allied Farmers Proposal for Hanover and United Finance investors.
Wednesday, 18 November 2009
Companies Offices Revelation
EUFA member Ron Jensen of Hamilton has headed the research over securitised mortgages and will lead a EUFA complaint to the Securities Commission against lenders in the BlueChip debacle.
Sunday, 15 November 2009
The Securities Commissions investigation and investigations into Hanover Finance Ltd appear to be skimming only the surface of the issues.
Saturday, 14 November 2009
Demand put on Government over Hanover
EUFA coordinator Suzanne Edmonds has written to Minister of Commerce Simon Power today, calling on the Government and Authorities to put Hanover Finance Ltd into Statutory Management.
Thursday, 12 November 2009
Accountability needed over Hanover-Immediately
The cop out and lack of intervention by Government and Authorities by saying the Hanover moratorium that investors voted for now stops intervention is intolerable.
Wednesday, 11 November 2009
Hanover Fails Investors
EUFA members are not surprised of Hanover's inability to meet their commitments to their investors.
Friday, 6 November 2009
Consumer Financial report not a surprise
EUFA welcomes the Consumer report on the finance industry, as it confirms the ongoing message that EUFA have been delivering at every juncture for over two years.
Tuesday, 27 October 2009
What actually does the Commerce Commission do in protecting the general public?
A further complaint laid with the Commerce Commission has been rejected.
Momentum Builds Against Money Managers
EUFA is pleased to announce the development of a website focused on addressing the needs of Money Managers clients both past and present.
Friday, 16 October 2009
Hon Simon Power making announcement for victims Friday
Televisions Close-Up programme has revealed that Minister of Justice Hon Simon Power is planning to make an announcement tomorrow in regard to “victims of crime” .
Saturday, 10 October 2009
10 Property Law Act notices (PLA's) to be served in the Waikato by GE Custodians ( BlueChip)
BlueChip victims, members of EUFA, received a phone call this morning from a Private Investigator representing GE Custodians, saying he had a “letter” to deliver.
Tuesday, 6 October 2009
Loans Voided in Australian Court calls for Victim Funding
In the wake of a NEW SOUTH WALES SUPREME COURT ruling last month, where a Judge ruled to void loans made by lender Tonto Home Loans Australia Pty Ltd, Suzanne Edmonds of EUFA has written to the Minister of Commerce and Justice calling for a legal fund to be set up urgently for BlueChip Victims.
Friday, 2 October 2009
GE decisions a shattering blow to Blue chip victims
Following the news over the much publicised Bartle case ruling over their dispute with GE, EUFA are once again calling on the Government to take urgent action to freeze recovery action while the SFO and other authorities investigate BlueChip and their associated parties.
Saturday, 26 September 2009
Authorities need to postpone Mondays Radius AGM.
Investors concern that current managers and directors of Radius Properties Ltd are exhibiting a continuing pattern of poor judgement and seriously prejudicing investments is being challenged.
Friday, 25 September 2009
Securities Commission established report
EUFA welcomes the penetrating report of the highly qualified Independent Panel, chosen by the Securities Commission.
Wednesday, 23 September 2009
An appeal to President Barack Obama
As leaders head to New York to meet as part of the United Nations, New Zealand investors suffer from their own country’s failure to honour its commitment to the UN Charter.
Wednesday, 16 September 2009
The Money Managers evolution?
Money Managers have recently distributed a letter to their clients celebrating their “new” direction.
Sunday, 13 September 2009
Governments committments to Leaky homes crisis sets precedence to finance company investors
The Governments recent handling of the leaky homes crisis sets precedence over Government responsibility, reinforcing Investors claims that Government has a duty to investors over the finance