Promotion of Accounting Reform as the most effective Pathway to a Fairer Safer and more Prosperous Society. Comment and Support from all quarters is Sought to straighten out NZ's problem

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February 2010 Edition ----

We continue our campaign to expose the crookedness of the 2004 Feltex Carpets IPO and much of its aftermath and to get subscribers to this IPO, and those who later purchased shares, their money back with interest. As we have recently exposed this IPO was a plot (successful to date) to steal money from an unsuspecting public and politicians from both major political parties were in on the act. Their aim was to get NZ some gold and silver medals at the 2004 Athens Olympic games. This too, to date, was successful. Investors seeking to recover their funds however need to be aware that a plot conspired by such influential people will invariably include an arrangement to have on hand bogus legal facilitators whose purpose is to make disgruntled investors believe they are capable and committed to getting the investors their money back but merely mess about wasting all the opportune time. We are hopefull that the senior courts will not go along with this plot. However we need the subscribers to insist that the full plot be articulated to the Courts.

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Case studies of ICANZ coverups

1 ACC Annual Accounts

2 Ernst and Young report to Dairy Co shareholders

The scandalous Audit Cert of the 1990 BNZ annual accounts - Take a Look from Here And then learn about the Securities Commission here who reported on the affair. We also background the role of the Institute of Chartered Accountants of NZ in ignoring the affair. It might go back 10 years but many players still maintain high office, collectivly protecting themselves at the expense of others.
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