Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Bluechip Investors regroup

Bluechip Investors regroup

19 January 2011
EUFA

Bluechip investors are still fighting for Justice and some met in Taupo on Sunday to start a fresh campaign, to demand laws are enforced and justice applied.

Hundreds of documents that have been changed after investors signed them lie dormant in official offices and the crime stays alive as financiers swoop in to cut deals over the mortgages gained by fraud and forgery.

Those who have been sold apartments, that don’t exist and or have documents forged to gain a mortgage, still believe the loans that are secured against their properties are not enforceable. This is due to the ‘entire’ process that took place, not one small portion of civil law such as the Bartle case. The Investors intend to fight for their rights against the crimes committed and will band together until they are heard and given a fair hearing.

MP’s, Authorities and Investors know the Bluechip model was a scam and crimes were committed. The lawyers who gave legal advice to investors are under investigation, including one being struck off due to his Bluechip dealings.

While fraud and forgery is left to lie dormant through lack of action by the Authorities, hundreds of people face the loss of their homes.

The failure by the Securities Commission / Minister of Commerce to put Bluechip into Statutory Management has resulted in innocent New Zealanders taking the majority of the loss.

In March 2007 Hon Lianne Dalziel stated to EUFA members “If Jeff [Meltzer] wants Statutory Management he will get it” and now with continuous questions about the liquidation process further questions by investors must be answered.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

While Mark Bryers continues to operate a business in Australia, the overseas lenders who supported his BlueChip scheme, intend to continue to enforce recovery action as a direct result of the Bartle case.

It has been reported that previous Commerce Minister Lianne Dalziel has since [in opposition] admitted she wanted BlueChip put into Statutory Management, but was overruled.

A Bartle win in law was not a win for all the investors, therefore the Bartle loss cannot be viewed as a loss to the remaining investors who are victims of fraud and forgery.

Ron Jensen of Hamilton said today “The lawyer, Jonathon Mathias, who was referred to me by the Bluechip salesman, was also the lawyer referred to the Bartle’s by Bluechip” since the original Bartle court hearing, Mathias has been struck off as a direct result of his Bluechip dealings. I fail to see under these circumstances how any right minded individual could come to the conclusion that we had “Independent legal advice”.

The financiers are claiming the court has confirmed “the borrowers had received independent legal advice.”

Mr Jensen added: “The unauthorized changing of figures on documents, by a third party, is a crime. We are dumbfounded why the people involved have not been charged and demand the authorities take action to protect the victims.

Join the facebook group and participate.

http://www.facebook.com/home.php?sk=group_178276022201134&ap=1

ENDS

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.