EUFA
(Exposing Unacceptable Financial Activities)
www.eufa.co.nz
18 February 2011
Statement
Hotchins sorry to the nation feeble
A Claytons sorry - Sorry when you don’t show you are sorry
The Close up show has demonstrated to New Zealand that if you cripple people with your greed and highflying business
practices you can get prime time TV and say “sorry” in a bid to be forgiven, in an attempt to gain public support.
True “Sorry” to investors would equate to all Hotchins frozen assets being returned to Hanover investors, giving Mr
Hotchin the opportunity to start again if the pot were dry.
Real New Zealanders saved for their retirement lost these savings to help build a $33m “vanity” home and a multimillion
dollar lifestyle. Mr Hotchin stated he began building his home (that doesn’t belong to him) when he was rich, 5 years
ago. It is most likely the wealth was false wealth and sourced through the seriously flawed finance model, that
created false profit, using investors deposits.
Suzanne Edmonds says; “On Close Up, my impression was Mr Hotchin was attempting to make New Zealand believe he was once
rich and then there was Hanover. Director’s responsibility is a key issue that must be fully investigated by the various
authorities before anyone can take Mr Hotchins bid to say “sorry” seriously.”
Mr Hotchin blames the media for false reporting. NZ investors appreciate the media for keeping them informed. Mr
Hotchin is not suing the newspapers who reported his wife incorrectly because he intimated he could not afford to due to
his assets/funds being frozen. Most Investors are in the same position; they can’t afford to sue Mr Hotchin or the
Government Authorities for negligence etc.
Suzanne Edmonds added; “ The finance industry has blood on its hands and a public apology by this player in the game is
just another insult to the injured”
Mr Hotchin confirmed on live television the Securities Commission are investigating all finance companies.
http://www.voxy.co.nz/national/transcript-close-interview-hanover039s-mark-hotchin/5/82333
http://www.voxy.co.nz/business/transcript-hanover039s-mark-hotchin-interview-amp-business/5/82336
http://www.facebook.com/#!/notes/keeping-stock/far-too-little-far-too-late/10150096584017034
ends