Chris Lee? Zero credibility. Zero. Zilch. Big '0'.
The Chris Lee who had his own finance companies' rating system which he abandoned and deleted from all sites/records when one after another of the finance companies he rated went under?
The Chris Lee who held Allan Hubbard in the highest esteem and put numerous clients' monies into South Canterbury Finance?
I had a bit to do with assessing South Canterbury Finance in the day and I can tell you that Allan Hubbard was totally out of his depth and treated SCF's funds like he was Santa Claus.
Too many cases and examples of how he simply doled out the money with bugger all documentation and follow up.
https://www.nzherald.co.nz/business/...JOKJRS45PQCV4/
paywalled
Excerpt :
Hubbard, whose parsimonious lifestyle - he lived in a modest home and drove a decades-old car despite being worth $650m at his peak - was in failing health and his 80s when the collapse came, with problems exacerbated by a business style later described by a High Court justice as "less than orthodox" that relied on hand-written ledgers, handshakes and shuffling financial deckchairs.
Fisk said the standout feature of SCF, compared to other failed finance companies he administered, was
"a lack of records".
"When we had to go searching for things when litigation was involved, that would be the main difference with the other finance companies:
You couldn't find anything to support decision-making," he said.
Hubbard faced a raft of Serious Fraud Office charges over his private investment vehicles, but died in a car crash in 2011 while the SFO was probing SCF. Its owner and chief executive was considered to be a "person of interest".
Hubbard's boardroom colleagues were left to face the SFO music by themselves in a 2014 trial that became one of the country's longest running. The defence largely pinned blame, if there was any conceded, on their dead colleague.