sharetrader
Page 196 of 196 FirstFirst ... 96146186192193194195196
Results 2,926 to 2,930 of 2930
  1. #2926
    Guru
    Join Date
    Jul 2002
    Location
    New Zealand.
    Posts
    2,869

    Default

    Chris Lee yesterday launched his book Billion dollar bonfire, well worth a read imo.

  2. #2927
    Guru peat's Avatar
    Join Date
    Aug 2004
    Location
    Whanganui, New Zealand.
    Posts
    4,653

    Default

    Quote Originally Posted by whatsup View Post
    Chris Lee yesterday launched his book Billion dollar bonfire, well worth a read imo.
    relevant article here, https://www.nzherald.co.nz/business/...ectid=12228125

    and I dont even think its premium so aren't you guys lucky
    For clarity, nothing I say is advice....

  3. #2928
    Legend minimoke's Avatar
    Join Date
    Mar 2005
    Location
    Christchurch, New Zealand.
    Posts
    6,375

    Default

    "Lee's portrayal of Hubbard makes no bones that he had deep flaws, including operating the same kind of Ponzi scheme that brought down famous fraudsters, New Zealand's own David Ross and New York's Bernie Madoff, both of whom are still serving lengthy prison sentences."

  4. #2929
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    10,376

    Default

    https://www.stuff.co.nz/business/117...ensation-fight

    Chris Lee trying to get taxpayers to bail out his clients who he put into SCF preference shares?

    Taxpayers are already out of pocket by $1.6 billion, no thanks to the Allan Hubbard and his gross mismanagement and incompetent lending and investing practices.

    Suggestion for Chris (he once thought the sun shone out of Allan's posterior and considered him to be a financial giant) - sue Forsyth Barr and himself.

  5. #2930
    Permanent Newbie
    Join Date
    Mar 2010
    Posts
    963

    Default

    I haven't read his book but wonder why he thinks taxpayers should bail out South Canterbury Finance shareholders?

    Sadly one lot of participants in the collapse of the finance companies who played a big part but were not held responsible were "investment advisors" who advised clients to invest in finance company debentures while they collected commissions from the finance companies. It was outrageous but no one was ever held to account as far as I know. I heard stories like a widower asking a financial advisor how she should invest her life insurance payout and was told to put it all in mix of finance company debentures. I think Northplan in Whangarei got people out of diversified portfolios and overweight in Bridgecorp debentures.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •