MEDIA RELEASE:23 September 2009
EUFA (Exposing Unacceptable Financial Activities Inc Soc)

An appeal to President Barack Obama.

As leaders head to New York to meet as part of the United Nations, New Zealand investors suffer from their own country’s failure to honour its commitment to the UN Charter.

The New Zealand State Authorities have shown a lack of duty of care, by failing to protect the New Zealand people from the ravaging practitioners of the finance industry, who pretended to be experts in the field, but ended up being greedy and self serving.

Through global financial credit markets, New Zealand Authorities are unable to step aside from the deliberate rape and pillage of New Zealand’s financial markets.

Many high profile people, past MP’s and others held (or still hold) prestigious positions in the finance industry that are implicated in the finance crisis. These people held (or hold) a duty of care and a fiduciary duty to uphold the law in New Zealand and where applicable throughout the world. This duty of care comes under the United Nations charter and cannot be ignored.

America is taking a hard line on perpetrators involved in contributing to the global finance crisis which has often been publicly referred to by EUFA.

Today EUFA coordinator Suzanne Edmonds wrote to President Obama to appeal to him “to invite all members of the United Nations, including New Zealand, to make the commitment to co-operate in solving international problems of the economic crisis by promoting and encouraging accountability of the perpetrators, without distinction as to their political or social position.”

EUFA coordinator Suzanne Edmonds said today “Victims need to see that the Government and Authorities are acting vigorously by enforcing laws, but the Government have not delivered adequate law enforcement. There is a serious breach by failure to protect under the UN charter”

The Napier case against a financial advisor sends a clear message to the Government that the people are victims of mal practice, that the cost of the cases are unaffordable to most, that the court wait time is problematic, that the law is adequate to address the current issue and the ‘Proceeds of Crime Act’ is mostly laying dormant.

ENDS

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