Ge Money Gets Heavy Handed With Victims Of Fraud – Video and Court Transcripts
January 21st, 2011 | Author: adminNo one likes to see victims of any scam but it pulls at anyone’s heartstrings when those victims are elderly. We like to think that our justice system would provide protection when required sadly in the case of the Bartle Family and probably hundreds more people to come this would seem not to be the case.
Try as I might I find it difficult to take an objective view in this case you may or may not of heard about the Blue Chip Scam. Following are the videos and links to the Supreme Court transcripts of the appeal against the Judgment of The High Court.
Summary and points I find concerning are.
If what the Bartle’s say are accurate then when you sign a contract and have alterations made without your knowledge or you agreeing to them or even providing proof you’ve been shown them that the court will upheld these alterations as legal.
That Finance companies have a way out of the Credit Contracts and Consumer Finance Act by using an intermediary as is clearly the case in The Bartle vs Ge money (Ge Custodians) case. The onus for the Credit provider is to ensure that the borrower will not be put into an oppressive loan situation which is what formed the basis for the legal arguments in Bartle vs Ge money.
I am however curious that they didn’t seek clarification under the disclosure requirements in the CCCF act and why this wasn’t argued in court after all the CCCF act has strong emphasis on the lender providing total disclosure, what the total amount of the loan is, what the total interest payments will be, what are the default charges. The total term of the loan.
In the following videos the Bartle’s state they didn’t agree to the total amount of the loan that they were told and given documents showing otherwise and that these were then changed. If this is indeed the case they were not provided disclosure and the courts can re open the contracts.
One of the most disturbing things I found reading through the transcript of the appeal was the acceptance of the fact that the lawyer who provided advice to the Barlte’s and was acting for the Blue Chip company and despite this being the case Ge Money (Ge Custodians) lawyer was able to successfully argue that the Barlte’s in their opinion at the time of the application must of received sound legal advice. Incredibly the supreme court judges agreed with this stance…
In my opinion this is a serious miscarriage of justice surely this lawyer must of had a conflict of interest he was after all acting as an agent for the Blue Chip company.
There was no denial from Ge that they were not aware of this in fact they admitted to not only knowing it in the Barlte’s case but in a large number of similar loan applications. The glossing over of the changes to their contracts and disclosure documents is also highly disturbing.
I have posted the videos of the Barlte’s and also the email contact details below the videos if you wish to help. If enough people get behind the Barlte’s and the cost of recovering the loans is less than the loss of business and bad press then perhaps there may be a happy out come for the Barlte’s family after all.
Perhaps there is something as New Zealanders we can do start boycotts on companies that use GE Money as their Finance companies. Let the public be fully aware of the circumstances and what Ge Money is now doing to elderly victims of Fraud!
Petition the Governor General for an inquiry or the Prime Minister for a Royal Commission Inquiry. I have had some misgivings about Ge Role in the New Zealand finance industry for a long time now and why they seem to get an unfair advantage over other finance companies which to appears to be anti competition. I’d like there to be some transparency why is Ge Money a Finance company providing loans to Kiwibank customers. When Kiwibank is a New Zealand owned bank
Stop using Kiwibank until Ge money sees these people right. Anyway watch these videos go to youtube and comment, send support to the Bartle’s, ring companies using Ge Money and tell them about the Bartle’s situation.
This sad story about elderly victims of financial institution fraud is a sign of the times.
So many try to protect their financial future by investing in schemes that later fail or operate fraudulently.
The Bartles and so many others need our support in seeking justice… Please share this story with everyone you know.
