Your experience helps us boost public awareness about common scam tactics. If so, the Better Business Bureau (BBB) in Louisville wants you to think twice because there is a new scam on the rise that involves just that. He may actually still legally own around $60 million of assets he says he put into the business so it could make this sum legally claimable by Aorangi as a lender to Hubbard. It has also been indicated that Allan Hubbard’s much talked about (by himself and his supporters) injection of his own personal assets into Aorangi has strings attached. Hubbard has strenuously denied any guilt at all and he has indicated he will fight the charges. Charges were laid against Mr Hubbard because the evidence against him was overwhelming and it was in the public interest to charge him even though there could be questions – and an out argued by his lawyers, at the expense of investors – over his ability to stand trial on the basis of his health and age. No evidence that he is guilty? I have always been of the view that Mr Hubbard has been guilty of some very serious charges in relation to the aforementioned business and associated companies like South Canterbury Finance and there was enough evidence to support that view and I feel more than slightly vindicated to have had that view and still stick by it even after pressure from self-appointed and self-interested feral Hubbard supporters like Paul Carruthers , whose defense while being interviewed on radio live this afternoon was to attack the interviewer because he really had little substantive of factual to say. What it does do is devalue Mr Hubbard’s legacy even further than he has himself through the failure of his business empire and being a man of a deeply religious nature he would want those that say they back him to just let it go and get on with their lives.
If you want to take legal action, please contact a private attorney or file suit in local small claims court ». Bankers and neoliberal economists want to believe in what is making them richer and more important. Mr Feeley said that prior to making a decision to lay charges the SFO gave very careful consideration to the Solicitor General’s Prosecution Guidelines, including the issue of whether a prosecution was in the public interest. “The decision to charge has been reached only after extensive analysis of the evidence, as well as discussions with senior prosecution counsel, including the Crown Solicitors and the SFO Panel Counsel,” he said. Combining machine learning methods – such as deep learning neural networks, extreme gradient boosting and vector machines – as well as proven methods such as logistic regression, self-organizing maps, random forests and ensembles – has proven to be far more accurate and effective than approaches based on rules. According to the SEC’s order against Delphia, from 2019 to 2023, the Toronto-based firm made false and misleading statements in its SEC filings, in a press release, and on its website regarding its purported use of AI and machine learning that incorporated client data in its investment process. Clearly this is wholly out of order and in respect of individuals involved in other finance company collapses, what Hubbard has done here is no different to any of the low rent sharks living in Paratai Drive who used to run dodgy finance companies. Lets look at Aorangi here and we will cover off HMF in a separate post.
The Seventh Grant Thornton Reports (there are two separate ones for HMF & Aorangi) into Allan Hubbard’s Aorangi Securities Limited and Hubbard Management Funds which are the investment vehicles that Allan Hubbard has been charged with fraud over makes for grim reading for Hubbard and investors in the two failed entities which are now in statutory management. The sixth Grant Thornton Report was released last week but I couldn’t summon up the anger needed to give my views. The first glaring inconsistency in this report is over the loan portfolio and issues are raised over what investors were told they were investing in and what actually happened. Investors may receive 8c in the dollar in July but this is defendant on a refinancing loan due at the end of last month. Mr Hubbard was due in court next month to face charges laid by the Serious Fraud Office following a lengthy investigation into his failed finance company, South Canterbury Finance and the question remains as to whether charges can still proceed without Hubbard sitting in a courtroom. During 2009 South Canterbury Finance took receivership action against the brother of Simon Botherway. 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. 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. Content has been generat ed with the help of GSA Content G enerator DEMO!
Their bankruptcy filings simply stall the process and can sometimes send an unwary homeowner into bankruptcy. To what end is unclear but one can see Mr Hubbard’s Lawyers might be trying for the sympathy vote. Right-to-use timeshares often expire after a certain number of years, like 20 or 99 years, and at the end of this time, your right to use the timeshare ends. Under the Fair Credit Billing Act, the maximum amount a cardholder can be liable for unauthorized credit card use is $50. The charges relate to theft by a person in a special relationship, false statements by a promoter and false accounting and they carry a maximum prison term of 10 years. So this is clearly detail of false accounting and misleading investor documentation that Hubbard has been charged for fraud over by the Serious Fraud Office. These latest reports cover off some of the detail of fraud charges that have been brought to the Timaru High Court by the SFO just a few weeks ago after over a year of meticulous investigation. Scientists across the world have been working hard at getting algae-based fuels out of the laboratory and into power plants that could light and heat our homes.