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St Laurence Investors shattered

St Laurence Investors shattered

MEDIA RELEASE 19 November 2008

(Exposing Unacceptable Financial Activities Inc Soc)

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.

An elderly investor who does not want to be identified said to a EUFA volunteer this morning “ This has ruined our lives and we are now just waiting for the next shock which will come from Hanover – this is killing us both”

Largely - people’s lives are on hold while they await the return of their savings - invested as low risk and with assurances.

The finance Company Directors sector have treated investors as idiots while at the same time holding them to ransom with promises of putting “their own money” into the finance companies. The Directors also make pleas of their own losses, yet still draw down on luxurious lifestyles.
Investors must demand accountability from this sector and call on our New Government to govern and ensure the proper policing is done and that the laws of the country are enforced. While these companies go into lock down and use investors money to prop up their own liquidity, the New Zealand economy suffers and individuals lives are in turmoil.

Suzanne Edmonds Said from Tauranga this morning “ EUFA are writing to Mr Key and Mr Power today, requesting intervention - including the setting up of a working party to include EUFA members which will enable investors to be represented. Presently - ‘divide and rule’ - and - 'hidden information' - are the games being played out by the other side.”


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