Hubbard investors' patience wears thin

7/12/2012 12:03:38 a.m.

Dave Mowat wrote:

Alan Hubbard had put the 60 million into Aorangi Securities but the Statutory Managers unwound that arrangement thus acting against the interests of the investors whose assets they are supposed to look after.
We think that the Statutary Managers are incompetant. They say that the investment structure was "complex", perhaps they should have hired a man as intelligent as Alan Hubbard, or better still : talked to Alan Hubbard!

6/12/2012 9:44:10 p.m.

Helen wrote:

It is incorrect to say all South Canterbury Finance Investors were bailed out. The Preference Shareholders have been forgotten and cumulatively lost $120 million.

6/12/2012 3:06:29 p.m.

S. Hunter-Weston wrote:

How can the Hubbard family sleep at night, knowing they are trying to claim assets that have been bought with other people's money? Give those poor investors their savings back and let them have the retirement and security they planned and worked hard for.

5/12/2012 9:49:34 a.m.

Truthseeker wrote:

It is also very clear by the documentation x Stat Managers letter in this clip and the ruling minute made by Justice Chisholm regarding the adjournment of the court hearing - without doubt it was "relunctantly" ajourned as a result of the Statutory Managers suddenly "finding" ? 70 boxes containing many files of documets relating to Aorangi/HMF, which caused the court adjournment, not as the Statutory Manager appear to malciously portray as Mrs Hubbard's fault.. It was also the Statutory Managers that misunderstood the Hubbard transaction so they say and transferred the $60 million out... Aorangi was indeed solvent, Allan Hubbard had placed equity in to Aorangi and Hubbard was accused of removing funds - untrue!! Stat Manager Graham McGlinn was the original part of the investigation team with Registrar Companies that produced that incorrect report regarding the Hubbard transfer....That flow chart was splashed across National TV and Hubbard portrayed as a Fraudster... when the money was always there....and SCF then failed 9 weeks later- Hubbard's reputation in tatters...

5/12/2012 9:14:33 a.m.

Paul Carruthers wrote:

In one sentence Emily accuses Allan's widow of "stealing" the money, and in the next sentence she says there was none anyway because he was running a 'Ponzi Scheme'. Emily is so DESPERATE to convince people that Allan Hubbard was guilty, Emily doesn't even care if Emily contradicts her/him/itself.

5/12/2012 8:59:48 a.m.

Paul Carruthers wrote:

Emily writes suspiciously like someone getting paid to spin this issue against Allan Hubbard. I wonder who would benefit from her doing that...? You have to despise anyone who spins it that hard against a dead man who can't defend himself. It's actually quite sick and disturbing really.

4/12/2012 6:43:36 p.m.

Emily wrote:

The wonderful thing about Darwinian economic theory is that dumb people are parted from their money. And those you interviewed deserved that because imagine if only intelligent people were rich and the stupid kept their money too..would ruin things. Why didn't you put all the widely reported comments the smart print mediA uncovered on this? You think the insolvency process is cheap? That forensic accountants are cheap? And dumbest of all is the investors who blame the Govt for putting the 2 funds into statutory management! Duh. Alan Hubbard acted illegally and operated a Ponzi scheme, don't you know that yet?

4/12/2012 1:57:35 p.m.

Graeme wrote:

An excellently compiled and presented report that accurately summarised a difficult to comprehend issue in understandable language and graphics.
One of the few competent pieces on the Hubbard Statutory Management from mainstream media.

4/12/2012 9:01:08 a.m.

Emily wrote:

Why aren't they angry with Jean Hubbard, stealing their $60m? If she wasn't claiming that, they'd have their money by now, almost 100% of it too. What a one-sided idiotic story. Did you ever think to balance that with a few facts?