Allan Hubbard Saga: The Ferals: A New Beginning

I wanted to give those that buried their loved one a little more time before I ripped into the scumbags who have leveraged off Allan's death to make their own claim to fame and get themselves some additional exposure. Not happy just to get media exposure while the man is alive they have waited to release the following trash to further their own ends.

An individual called Kerry Grass has prepared a farcical report on the collapse of Aorangi Securities Ltd and Allan Hubbard's part in that collapse. There is nary a mention of the false accounting, misleading information to investors and other huge financial inconsistencies that have been reported by the 7th Grant Thornton Report, so it can easily be dismissed as a waste of time and if you could put a PDF file in the trash that is the best place for it.

What is really galling is that the unofficial Hubbard Supporters Group - the nutbag ones who self appointed and previously used traveling salesman Paul Carruthers as its spokeperson - has used the publicity surrounding Allan's death to launch a facial petition to have the Government dissolved:

Please take part in this important initiative to petition directly the Governor General of New Zealand, calling for him to immediately begin an independent, transparent investigation into the Alan Hubbard affair. And to dissolve parliament and place New Zealand under a care taker government until such time, that the investigation has been satisfactorily implemented.

Below you will find the wording of a letter, suitable for the purpose, copy and paste folks. You may of course change the wording as you see fit. Please use this link http://gg.govt.nz/contact to email it directly to the office of the Governor General and please, back up your submission by sending a printed hard copy to...

Government House
Private Bag 39995
Wellington Mail Centre
Lower Hutt 5045
New Zealand.

Letter:

To: His Excellency the Governor General of New Zealand.
Lt Gen Rt Hon Sir Jerry Mateparae


Dear Excellency,

As a citizen of New Zealand, I petition his Excellency the Governor General to begin an immediate independent, transparent investigation into the Alan Hubbard affair. I ask that all documents relating to this sordid episode in our history, leading to the death of Alan Hubbard, be seized, including interdepartmental and ministerial emails, transcripts, recordings and all documents that might be held by the office of the Prime Minister and Minister of Commerce. I ask that such seizure be carried out by the New Zealand Police under the strict supervision of an independent investigator and suggest this person be Kerry Grass, who is known to the Prime Minister.

I further petition his Excellency to dissolve parliament immediately, putting in place a caretaker government and that the November election be postponed until investigations are satisfactorily implemented, relating to the activities of the Prime Minister, Minister of Commerce, the Securities Commission, the Registrar of Companies, the Companies Office, the various statutory managers involved and the Serious Fraud Office.

There is an unpleasant smell of harassment and corruption that goes to the very top of our political system, all the way to our Prime Minister and that sense of corruption, is certainly serious enough to warrant such investigation and call into question our citizens continued confidence in our government. With the death of Alan Hubbard, there seems little chance of ever proving his innocence, as things stand, but there are glaring questions relating to the activities of all the government offices and Ministers involved, including John Key.

I sight as evidence to give appropriate weight to our citizens call for an immediate investigation and dissolution of parliament, this report by Kerry Grass, an investigator of considerable and note worthy experience.

Report link http://img.scoop.co.nz/media/pdfs/110...

I thank his Excellency for his indulgence in these matters.

Yours sincerely,
Add your name here!


Now if you can pry yourself off the floor after the uncontrollable laughing you would have been doing while reading this, one would have to wonder the motivation of individuals like this who want to gain maximum publicity by releasing this at the same time Mr Hubbard died in an horrific car crash.

They should have waited a few weeks before getting out the crayons and scratching together a press release because the words bad taste to describe what they have done is an understatement to say the least.

Tacky, self serving, selfish, nasty and completely devoid of intelligence.

As I said a few weeks ago it is best they park it and let the experts decide what happens now.

Allan Hubbard Saga

Full SFO Statement on SCF Fraud Investigation

Hubbard Letter to Simon Power

Download Grant Thornton Report 1
Download Grant Thornton Report 2
Download Grant Thornton Report 3
Download Grant Thornton Report 4
Download Grant Thornton Report 5
Download Grant Thornton Report 6
Download Grant Thornton Report 7 - Aorangi Securities
Download Grant Thornton Report 7 - Hubbard Management Funds

Join the Put Allan Hubbard Away Facebook Group

Allan Hubbard Saga: Does death mean the End?
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Allan Hubbard Saga: 7th Grant Thornton Report - Hubbard Management Funds
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Allan Hubbard Saga: Fraud Charges - The Detail
Allan Hubbard Saga: Hubbard to Face Fraud Charges
Adam Feely on Hubbard Fraud Charges
Allan Hubbard Saga: Answers to Investor's Frequently Asked Questions
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Allan Hubbard Saga: Sixth Grant Thornton Report
Allan Hubbard Saga: Hubbard looks set to cop a plea
Allan Hubbard Saga: Supporters Risk Legal Action
Allan Hubbard Saga: Mental Challenge
Allan Hubbard Saga: Hubbard Defiant in 2011
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Allan Hubbard Saga: VIDEO - Hubbard Biographer Virginia Green on TVNZ's Breakfast
Book Extract - Allan Hubbard: Man Out of Time
Allan Hubbard Saga: Going Feral - Part 3, The Final Cut
Allan Hubbard Saga: Going Feral - Part 2
Allan Hubbard Saga: Paul Carruthers Goes Feral... Again
Allan Hubbard: The Biography
Allan Hubbard Saga: On Forged Signatures and Uncharitable Trusts
Allan Hubbard Saga: Evidence of Fraud now Clear
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Allan Hubbard Saga: South Canterbury Finance to be investigated by the SFO
Allan Hubbard Saga: Third Grant Thornton Report
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Allan Hubbard Saga: 60 Minutes Interview, Sept 23 2010
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Allan Hubbard Saga: Threats & the Mysterious PWC Report
Allan Hubbard Supporters: Conflict of Interest
VW Veneer reveals BMW heart
VIDEO: Jenni McManus Explains Allan Hubbard Collapse
Allan Hubbard Statement on SCF Receivership
VIDEO: Sandy Maier - full news conference on SCF Receivership
Market Alert: South Canterbury Finance to be placed in Receivership
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Thornton Report 2: Allan Hubbard Guilty as Charged
Allan Hubbard: Full TV3 Interview - July 16 2010
Thornton Report 1: Allan Hubbard's Aorangi Securities
Bothered by Simon Botherway

NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill

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Allan Hubbard Saga: When Monkeys Attack! (UPDATE)

Sept 6 Update - Allan Hubbard Saga: Time for supporters to let go

In a farcical "report" - it is actually a cut & paste from selective media reporting with editorial comments from the author and it rambles on for 14 mind numbing pages - commissioned by the Stand By Hubbard Team and released yesterday, the author one Kerry Grass, uses innuendo, falsehoods, conspiracy theories and bald faced lies to back disgraced alleged fraudster Allan Hubbard and his position as head of several collapsed financial enterprises.

As I said, it rambles on like a ill conceived sentence looking for a full stop and since it does we will focus on just one of the bald faced lies that it contains and we have looked at before.

Supporters of Hubbard have long been pushing the untruth that Simon Botherway was involved in a conflict of interest regarding the winding up up his brothers interests in several bars and that South Canterbury Finance made the crucial first move to put his brother into receivership:

"An early demonstration that conflicts were not managed is now well known as the “Simon Botherway conflict”. Three days following the announcement of the statutory management and Serious Fraud Office investigation, media reported that Simon Botherway’s brother had his business placed into receivership by South Canterbury Finance. As a consequence of the receivership action the brother was adjudicated bankrupt on 14 June 2010.

Simon Botherway’s role as a member of the Commission was pivotal in the recommendation to place Allan Hubbard into statutory management and under investigation for fraud. Simon Botherway was also the Chairman of NZ’s newly established Financial Markets Authority. He was therefore one of the most senior members of the Commission.

During 2009 South Canterbury Finance took receivership action against the brother of Simon Botherway. The receivership was valued at approximately $6.6m. On 14 June 2010 the brother was placed into bankruptcy (www.insolvency.govt.nz). On 20 June 2010, 6 days after his brother’s bankruptcy order, Simon Botherway recommended Allan Hubbard be placed in statutory management and be referred to the Serious Fraud Office for investigation. Given SCF’s receivership action against his brother and the consequential bankruptcy of the brother, Botherway should not have had any role to play relating to any regulatory action against Allan Hubbard. Botherway’s conflict is clear and there can be no denial that it was real". June 23, 2011 Hubbard Supporters Report

Some of the above is factual, the following points are crucial to the above and they are the facts around what actually happened in relation to Botherway's brother but missing from the supporters report.

* South Canterbury Finance did not put Mr Botherway's brother into receivership as is widely accepted in the majority of media reports and the media is apparently the source of the June 23 2011 report.

* NZB (NZ Breweries) appointed a receiver on Friday 26th of June 2009. Their receivers sent a fax to SCF about 11am that morning giving them until 2pm to respond, SCF had no option but to appoint their own receivers to Merivale Ale House (Auckland Bars).

* A week later PWC advised SCF to place the South Island bars in receivership so they could control all the businesses.

Read the publicly available Receivers Report

* The investigation was led by the Companies Office and to the knowledge of my source* there were no Sec Com staff involved in it, and there were no Members of the Commission involved.

* Botherway didn't author any report on Aorangi or any of the other parties recommended for Statutory Management as widely reported and pushed by Hubbard supporters.

Clearly, if Botherway had a beef with anyone it would NZ Breweries and not SCF but of course that wouldn't nail the poison pen point home.

It just goes to show one should make sure one checks ones facts before laying ones hairy paws on ones computer keys.

Just an update with wee comment by Fran O'Sullivan on my Facebook Page on this "Report."

Fran O'Sullivan

They should fact check first.

11 minutes ago · · ·

* Wishes to remain anonymous.

Allan Hubbard Saga

Full SFO Statement on SCF Fraud Investigation

Hubbard Letter to Simon Power

Download Grant Thornton Report 1
Download Grant Thornton Report 2
Download Grant Thornton Report 3
Download Grant Thornton Report 4
Download Grant Thornton Report 5
Download Grant Thornton Report 6
Download Grant Thornton Report 7 - Aorangi Securities
Download Grant Thornton Report 7 - Hubbard Management Funds

Join the Put Allan Hubbard Away Facebook Group

Allan Hubbard Saga: Time for supporters to let go
Allan Hubbard Saga: Does death mean the End?
Allan Hubbard Saga: 7th Grant Thornton Report - Hubbard Management Funds
Allan Hubbard Saga: 7th Grant Thornton Report - Aorangi Securities
GUEST POST: Deborah Hill Cone: NZ - crazy people, crazy place
Allan Hubbard Saga: When Monkeys Attack!
Allan Hubbard Saga: Victims Share Stories
Allan Hubbard Saga: The Defence
Allan Hubbard Saga: Fraud Charges - The Detail
Allan Hubbard Saga: Hubbard to Face Fraud Charges
Adam Feely on Hubbard Fraud Charges
Allan Hubbard Saga: Answers to Investor's Frequently Asked Questions
Allan Hubbard Saga: Still Feral After All These Years
Allan Hubbard Saga: Sixth Grant Thornton Report
Allan Hubbard Saga: Hubbard looks set to cop a plea
Allan Hubbard Saga: Supporters Risk Legal Action
Allan Hubbard Saga: Mental Challenge
Allan Hubbard Saga: Hubbard Defiant in 2011
Book Review: Allan Hubbard: Man Out of Time, by Virginia Green
Allan Hubbard Saga: VIDEO - Hubbard Biographer Virginia Green on TVNZ's Breakfast
Book Extract - Allan Hubbard: Man Out of Time
Allan Hubbard Saga: Going Feral - Part 3, The Final Cut
Allan Hubbard Saga: Going Feral - Part 2
Allan Hubbard Saga: Paul Carruthers Goes Feral... Again
Allan Hubbard: The Biography
Allan Hubbard Saga: On Forged Signatures and Uncharitable Trusts
Allan Hubbard Saga: Evidence of Fraud now Clear
Allan Hubbard Saga: NBR VS the SFO
Allan Hubbard Saga: South Canterbury Finance to be investigated by the SFO
Allan Hubbard Saga: Third Grant Thornton Report
Allan Hubbard Saga: Will He Walk?
Allan Hubbard Saga: No Longer Bothered by Botherway
Allan Hubbard Saga: 60 Minutes Interview, Sept 23 2010
Allan Hubbard Saga: Supporters head to the exit door
Allan Hubbard Saga: Threats & the Mysterious PWC Report
Allan Hubbard Supporters: Conflict of Interest
VW Veneer reveals BMW heart
VIDEO: Jenni McManus Explains Allan Hubbard Collapse
Allan Hubbard Statement on SCF Receivership
VIDEO: Sandy Maier - full news conference on SCF Receivership
Market Alert: South Canterbury Finance to be placed in Receivership
Allan Hubbard: Ignorant Supporters Blissfully Unaware
Thornton Report 2: Allan Hubbard Guilty as Charged
Allan Hubbard: Full TV3 Interview - July 16 2010
Thornton Report 1: Allan Hubbard's Aorangi Securities
Bothered by Simon Botherway

NEW - From Fishpond.co.nz | Think Bigger, By Michael Hill

Join the Share Investor Facebook Group

c Share Investor 2011