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The organisation is voluntary and is made up from public enquiry. EUFA has been formed to find some accountability for Investors with nowhere to turn to seek restitution. www.eufa.co.nz Our Mission: To seek out victims of financial abuse by irresponsible Financial Advisors To bring people power to the industry and demonstrate the human devastation by way of presenting the evidence of poor advice To expose those who have helped their clients lose their hard earned savings To hold accountable the industry and Government, for failing to ensure customer protection and advisor accountability. Our Goals: To Expose the perpetrators and the system To seek accountability To seek Recovery http://www.eufa.co.nz
AUCKLAND CITY — 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.
598 views
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.
473 views
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.
528 views
WELLINGTON CITY — Eufa Representatives are meeting with the Human Rights Commission in Wellington today to demonstrate the states failure to provide protection to investors.
547 views
In April 2008 the Prime Minister was made aware of alleged misrepresentations made by Lombard at investor meetings.
532 views
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.
640 views
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.
667 views
EUFAs concerns over KiwiSaver were foolishly ignored by Government in 2007.
1,117 views
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.
766 views
The guilty pleas by Mark Bryers, are first signs of reality that the BlueChip empire is over for Mark Bryers.
621 views
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.
673 views
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.
722 views
Hanover today confirmed it had only received the Allied Farmers Proposal for Hanover and United Finance investors.
581 views
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.
666 views
The Securities Commissions investigation and investigations into Hanover Finance Ltd appear to be skimming only the surface of the issues.
684 views
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.
558 views
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.
581 views
EUFA members are not surprised of Hanover's inability to meet their commitments to their investors.
521 views
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.
485 views
A further complaint laid with the Commerce Commission has been rejected.
646 views
EUFA is pleased to announce the development of a website focused on addressing the needs of Money Managers clients both past and present.
878 views
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” .
498 views
WAIKATO — 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.
1,005 views
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.
489 views
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.
577 views
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.
527 views
EUFA welcomes the penetrating report of the highly qualified Independent Panel, chosen by the Securities Commission.
557 views
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.
502 views
Money Managers have recently distributed a letter to their clients celebrating their “new” direction.
585 views
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 company crisis.
579 views
EUFA representatives met with the Commerce Select Committee last Thursday to make submissions to the petition tabled in Parliament in March 2009 for a Royal Commission of inquiry into the finance crisis.
386 views
Lack of resources leading to the failure of the legislative authorities has lead to a crisis.
245 views
Why were the public not warned or informed of the escalating risk of investing in Finance Companies? The public were not protected even though the RBNZ warned the Minister in 2005.
252 views
AUCKLAND — The Real Estate company, Bayleys Auckland and Bayleys Orewa are marketing a mortgagee sale of property at Gulf Harbour, through a media release.
317 views
The media release put out by Chairperson, Hon Lianne Dalziel, advises that ‘ the Commerce Committee has agreed to conduct an inquiry into finance company failures’.
262 views
It has been reported that a large number of Property Law Act notices (PLA) have been served on BlueChip victims by a company of the TEA custodian group.
366 views
The IRD v BNZ High Court ruling is positive news but comes with a certain amount of frustration for the EUFA organisation.
389 views
In a letter given to a victim of the finance crisis, written on joint National and House of Representatives letterhead, the following was written; “The government will do what it can.
266 views
In March this year, American Bernard Madoff pleaded guilty to serious fraud charges after operating a sophisticated Ponzi type scam.
192 views
The report by the Companies Office opens the lid on the finance industry.
185 views
TAURANGA — An elderly Tauranga couple have received a small reprieve from being forced from their home by a mortgagee sale.
873 views
The TV3 60 minutes story out of America last night, on the performance of the U.S.A Securities and Exchange Commission (SEC) is chilling to EUFA members.
407 views
The Sunday Star Times has reported today that Act MP John Boscawen is pushing for an inquiry into the Finance Company disasters.
183 views
A petition was presented to Parliament today for a Royal Commission of Inquiry into the Finance Industry.
156 views
The Mascot Finance demise and the governments’ bailout for Mascot investors, has resulted in a strong and furious reaction from investors of all other troubled finance companies.
260 views
EUFA Coordinator Suzanne Edmonds wrote to the Minister of Commerce, Mr Simon Power and the previous Minister of Commerce, Ms Lianne Dalziel, today informing them of a further BlueChip fiasco.
290 views
Hamilton BlueChip investor Ron Jensen has spent a year investigating the files of Trustee Executives Ltd, in relationship to BlueChip and Challenger Mortgages.
576 views
Trustees Executors which is chaired by Jim Bolger is the key player in the BlueChip scam.
306 views
TAURANGA — A very distrort Tauranga woman Margaret Rasmussen phoned coordinator of EUFA offices this morning following a call from her local MP Simon Bridges.
580 views
AUCKLAND CITY — It has come to the attention of angry Dominion Finance Investors, that the home of Hayden Butler, son and ex employee of Dominion Finance Ltd Directors Terence (Terry) and Anne Butler - is to be Auctioned on site by Kellands Real Estate this coming Sunday 8th Feb at 2.00pm.
2,406 views
The US and Britain administration are bailing out, not the companies, but the victims! The New Zealand Government could do the same and recover from the fraudsters and the greedy finance company beneficiaries and their hierarchy.
166 views
New Zealand has been a follower in the finance world by failing to provide adequate policing and policy, allowing the fearless freewheelers no bounds.
217 views
The EUFA organisation is publicly calling on the government to set up a tribunal to address all troubled finance company investor complaints.
166 views
Following a protest outside the homes of BlueChip Victims last Friday, EUFAs active member Margaret Rasmussen was encouraged to learn that Challenger Mortgages have committed to review her file over her BlueChip dealings.
179 views
TAURANGA — EUFA member 91 year old Tauranga Woman Mrs Gwen Harrison and her family and friends are heading the charge to protest this coming Friday morning, against recovery action by BlueChip and Associated financiers, in particular Challenger Mortgages and GE Money.
816 views
Following the 1987 financial collapse many of the perpetrators simply reinvented themselves and have been a part of New Zealand’s current demise.
292 views
Hanover investors need to assist the Commerce Commission with their investigation into Hanover finance.
180 views
TAURANGA — Margaret Rasmussen, the daughter of the 90 year old Tauranga woman that was served with a PLA notice earlier this year, has been delivered a Christmas present from Auckland Law Firm -Sanderson and Weir.
514 views
Director?? and Shareholder of Hanover Mr Watson was fined in 2001 in the UNITED STATES OF AMERICA before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE The documentation states “ERIC JOHN WATSON, Respondent.
865 views
Todays reported statement of Mr Mark Hotchins- I feel a moral obligation to help could turn into legal obligations under law if Hanover Company directors have a duty of care and many commentators and professionals are claiming director responsibility has failed in the Hanover organisation.
271 views
AUCKLAND CITY — EUFA executive can confirm that members have been working tirelessly with prominent Barrister Paul Dale and others in a plan to file a court injunction application this afternoon in an attempt to delay next Tuesday's vote on the Hanovers restructuring proposal.
451 views
The polished delivery at the final Hanover Road Show meeting today will undoubtedly have placed further fear and a possible dilemma for some inexperienced voting investors.
195 views
The Manawhatu evening Standard Website has an article that states Hanover has dismissed demands by an investor interest group to put the failed finance company under statutory management.
305 views
EUFA members sent a record number of email messages and left phone messages yesterday as a result of the Sunday papers stories of Mark Hotchins birthday party in Fiji.
190 views
In light of the information sent out by Hanover to investors, in a bid to push through a moratorium, EUFA members have become increasingly worried and concerned.
203 views
Campbell Live delivered an infomercial tonight for the Hanover Finance debt restructure proposal.
230 views
Initial reaction to today’s restructure plan from Hanover has been mixed.
151 views
St Laurence’s latest plan to repay money has come as a huge shock to investors, who thought a decent and genuine attempt to resolve their losses would be realised.
202 views
EUFA (Exposing Unacceptable Financial Activities Inc Soc) have written today to EUFA members who have been victims of the Vestar Group, as a result of the very quiet liquidation of Vestar.
325 views
The number of disaffected investors to register their interest with the Exposing Unacceptable Financial Activities group in pursuing action against Vestar has grown to 248.
195 views
In April, when the writing was on the wall that New Zealand was facing financial woes, EUFA called for a meeting with all political party leaders.
162 views
TAURANGA — As coordinator of EUFA I wrote to all Tauranga candidates to invite them to a ‘Meet the candidates’’ meeting.
428 views
EUFA members which include Hanover investors are calling for Gray Eatwell, EUFA finance spokesman to be appointed to the Hanover Board as an investor representative should they go into moratorium.
155 views
EUFA applauds the government’s actions to protect the finance industry, however from experience our members find it hard to trust the process.
130 views
Having already lost up to a quarter of a billion dollars in failed finance company investments, clients of the now defunct Vestar financial planning group are about to lose again, according to the Exposing Unacceptable Financial Activities group.
233 views
Killing the bail out in the USA has bought reaction from EUFAs members.
681 views
The reaction from Vestar investors relating to Donal Curtin being stood down from the Commerce Commission has come as bitter- sweet news to the many investors who lost their savings, while he was chairman of the investment committee of Vestar.
462 views
Dominion Finance Ltd receivership has received mixed reaction from Dominion finance investors.
893 views
Bluechip Victims who have loans through Tasman mortgages, TEA custodian, Challenger and GE money - who have not paid their interest payments, are now anxiously waiting to be served PLA notices.
378 views
Auditors and Trustees of all failed finance companies have a responsibility to investors to seek accountability from the Directors and company management.
281 views
White Collar Crime has at least quadrupled since 1990, yet the Government are getting rid of the SFO.
278 views
A discovery of 20 year old documents last week in a basement will haunt many MP’s and political parties in the coming weeks.
555 views
The speech copied below was presented in 1990 in the lead up to the election.
323 views
The support group Exposing Unacceptable Financial Activities (EUFA) struggling to achieve accountability for victims of the Finance Industry crash is concerned at the purpose of the Reserve Banks public Statements about the current safety of the foreign owned Banks.
331 views
CHRISTCHURCH — A successful meeting was held in Christchurch yesterday with Hanover investors committed to work under the EUFA umbrella.
908 views
Last week on behalf of the EUFA organization, coordinator Suzanne Edmonds laid a complaint with the Law Society against a Wellington Barrister.
941 views
Following the appearance on the TV3 Campbell Live show, of Greg Muir, Chairman and Independent director of Hanover Finance last night, investors have reacted with considerable caution.
278 views
TAURANGA — EUFA invite and appeal to representatives of all community groups or interested parties to attend a meeting (details below) The objective of the meeting is to create a collective force to avert the pending travesty of justice seriously affecting the lives of the victims of the finance and investment industry collapse.
609 views
CHRISTCHURCH — Hanover investors will get a chance to attend a EUFA Hanover meeting this coming Sunday 17 August 2008 in Christchurch.
458 views
TAURANGA — At a sombre meeting held in Tauranga yesterday for BlueChip Victims, many of whom are elderly, it was evident that people are seriously suffering as savage recovery notices are being delivered to people who have been caught up with huge loans as part of the BlueChip scam.
736 views
AUCKLAND — Grimshaw & Co’s partner Tim Rainey, is going to present to Hanover investors an unbiased appraisal of the pros and cons of Moratorium at the EUFA Hanover meeting this Sunday in Auckland.
482 views
AUCKLAND — EUFA are negotiating with an Auckland Barrister to look at taking a group action against a Director of the Hanover group.
363 views
EUFA are negotiating with an Auckland Barrister to look at taking a group action against a Director of the Hanover group.
304 views
AUCKLAND — Suzanne Edmonds has just returned from the Hight Court in Auckland- where Petricevic has now been judged 'Bankrupt'.
313 views
TAUPO — Yesterday an elderly couple in Taupo had a PLA notice served on them by Auckland law firm, Sanderson and Weir, the same law firm who served the PLA notice at the bedside of a 90 year old.
235 views
Many professionals /Business people who have sat and watch the EUFA organisation from afar have had enough and have offered help to investors through supporting the work of EUFA.
318 views
AUCKLAND — An Auckland law firm, Grimshaw and Co are heading to Tauranga to meet with BlueChip investors this Saturday.
401 views
As representative for many investors New Zealand-wide, EUFA ( Exposing Unacceptable Financial Activities) are calling for Messrs Watson and Hotchin to make good on their promise to put money towards covering the Hanover Group Losses.
298 views