Blue Chip finger puppetry?

August 8, 2008

Team A: This is a picture of Jeff Meltzer of Meltzer Mason Heath, New Zealand.

A Mr. Aaron Heath says that after six months investigation, it is still too early to know what to write in their promised reports. Hmmm.

This is not a trivial little financial bubble involving a tiny franchise system tanking.

Blue Chip and its founder and Oz resident Mark Bryers have caused 2,000 Mom and Pop Kiwis to lose over $80 million as 20 related companies went buns up kneeling.

It appears the liquidator’s actions and sense of urgency have the full support of Commerce Minister Lianne Dalziel and the Clark government.

Team B: Anne Gibson from The New Zealand Herald reports this week in Blue Chip process frustrates lawyers that:

Two lawyers acting for more than 300 Blue Chip investors say they are aghast at the scale of the task and are angry about what they say is a distinct lack of Government aid for investors.

Specifically, how helpful have the liquidators been in assisting the the two lawyers (Paul Dale and Daniel Grove) in trying to defend the 2,000 citizens?

Grove says his firm has been greeted only with hostility from the liquidators so far. “We requested a document and were told we needed a court order.”

Illustratively, it is these two barristers that are:

Issuing proceedings against two Auckland lawyers – whom the barristers refused to identify – for professional negligence over advice to clients who became Blue Chip investors.

The two lawyers are doing this: not the liquidators or the Government.

  • You Decide: Is it Team A or Team B that appears to be putting on a cheesy puppet play?
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