Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


MP Condemned For Association With ‘Scam’

12 March 2002 Media Statement

MP condemned for association with ‘scam’


Acting Consumer Affairs Minister Jim Anderton is appalled after a new report showed a Member of Parliament has been associated with ‘investment seminars’ that have been exposed as a scam.

He told Parliament today that Act Party MP Rodney Hide travelled to Fiji to speak at the seminars, where Mr Hide described himself as ‘part of the Government.’

The scam is described in the latest issue of Consumer magazine. It says the five-day seminars can cost more than $10,000, promise huge returns for little or no risk and provide no prospectus or investment statement.

Jim Anderton notes Mr Hide had no connection with the organisers other than being a speaker, but by stressing his role as an MP, and claiming to be part of the Government he gave credibility to seminars and investment scams that should have none.

“Mr Hide spoke at a seminar in 1999, but it now appears that he has known since at least July 2000 that the seminars were dodgy. He appears to have done nothing since then to alert anyone who was a victim. In the meantime, possibly hundreds of New Zealanders have lost millions of dollars.

“Mr Hide recently took it upon himelf to alert news media to the activities of a Judge. He does not appear to have been so diligent in exposing these schemes.

“Apparently Mr Hide attended the seminar for several days. He may have been simply remiss in failing to check out the reputation of the promoters in advance. But how could he have overlooked the nature of the scheme once he arrived and spent a few days vacationing with the promoters?

“It is serious that Mr Hide associated himself with the scheme by carefully pointing out to victims that he was a member of the New Zealand Parliament. It is even more serious that he erroneously claimed to be a member of the New Zealand government.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news