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BNZ - Bank of New Zealand - Better Off?

In July 2009 the BNZ bank was found guilty of robbing the public purse of $654 million by tax avoidance. They did not appealed the findings. The BNZ bank was only paying about 6.7% tax on massive profits exported to offshore shareholders. Ring them up and ask how that makes us Better off. No wonder the BNZ bank has won CAFCA's (Campaign Against Foreign Control of Aotearoa) Rodger award for 'worst company of the year'. They are now under fire for profiteering from penalty fees - fees largely imposed on the poor. A psychopath profiler for the FBI advised in a documentary "The Corporation" that large corporations often take on a set of character traits that define a psychopathic entity. This article explains a bit about psychopaths in business. Our banks should have psychiatric assessments to establish whether they are likely to rip us off. However, the courts' findings establish that they already have - to the tune of $2.2 billion! Yet we still hand feed them - and they still pose as rescuers. And we have our own bank.The billions in superprofits our off-shore bankers extract annually is like a major earthquake hitting a major city every few months, but it is not followed crack by crack in the media as being boring.

The BNZ bank (National Australia Bank) proposed an argument to me, which if successful in court, would set a precedence for banks to place your or your company's name on 3rd party bank accounts - to intercept your money without legal authorisation. That's what happened to me. Your whole company and/or its money can be hijacked and lost; a bankers' anarchy, ending safe online trading and safe non-cash transactions.

On a tangent, in the 1850s, 15 year old Lucy arrived in New Zealand. Lucy with the jet black eyes. Lucy and Charlie (ships crew) hid in the bush until the ship sailed. Charlie was a bricklayer and a soldier, and so after he and Lucy wed, she was disowned by the Rothschilds. The family recorded the day of Lucy's marriage as the day of her death. Lucy sold the last of her jewellery to replace Charlie's two work horses that drowned in the Hokatika river. She chose love over gold. If you trace back the share documents of the BNZ bank, you will see that they are part owned by J P Morgan Company via National Australian Bank. J P Morgan was America's most wealthy man, until he died, and only then was it discovered by his will that he was 82% owned by the Rothschilds. It seems likely then that the BNZ bank is one of the many banks of Lucy's family, and that family's bad-as organisation helped flog one of her descendants life savings 155 years later.

How the BNZ Bank robbed. Read their mail.

Here's how it happened. In December 2005 the co-director of my company, of which I was a 50% shareholder and director of, writes these notes. They are the plan to cause serious to total loss of my share values - of the company I co-developed. It was a devious plan to become better off.

On the 16th March 2006 the BNZ bank opened a new bank account in the personal name of the co-director. The BNZ's internal e-mail shows this. See here. That bank account with no legal connection to the company was styled as that of the company's bank account (False identity on deposit book etc) to intercept and receive all the money belonging to the company. This is seen in the BNZ bank's report prepared by its internal investigator. See here. A letter was then faxed to all customers of the company presenting the company as hers, and advising of the new bank account number. Brazen theft of a whole company and its money. 

The action the BNZ bank took on 16 March 2006 alienated me from financial control and visibility of the transactions of my company. The action the BNZ bank took on 16 March 2006 alienated me from my current account of significant size, that soon failed to exist. Money in the legal bank account was transferred to the 3rd party BNZ bank account, I never saw it again. I was left with $4.70, without warning. I lost my ability to be remunerated for work performed, historical and ongoing, without notice. It impacted on my ability to fund the support I required, to have the documents showing where the money went, extracted.

When I rang the BNZ bank manager, at the time the BNZ was giving a 3rd party bank account the false identity of my company's, he advised that a meeting was to take place in two hours, and that the changes to the bank accounts were to be discussed at that meeting. I advised him that there were written threats to cause sever to total loss to the company, as you would, and that I wished to attend that meeting. As he confirms.

In June & July 2006 the BNZ bank manager responded to my legal counsel, stating at that meeting I wished to attend, the bank accounts were not discussed. See here. Compare the date of the internal bank e-mails to and from the bank manager relating to that meeting and the date the BNZ bank's internal investigator confirms the 3rd party account was given the false identity of the company's. The bank accounts were on the agenda and discussed by the BNZ bank. Of course they were, the legal accounts of the company had been stopped. The bank lied, misleading legal counsel and in turn the court and accountants. The BNZ bank's internal investigator didn't let me know those internal e-mails existed, in the findings of his brief report that took 7 months to prepare. It seems the BNZ bank didn't want it known that they were party to what what seems to be defined as" theft; A criminal act in which property belonging to another is taken without consent". The BNZ bank not only did not have consent - I was objecting!

BDO Spicer's current advice is that transactions of the company cannot be traced and that there is a black hole during a period of a phenomenal crash. BDO Spicers Christchurch Branch, who attempted account for the money, claim that they did not have copies of basic documents such as the bank statements and proposed they were being withheld. See here BDO Spicers now claim that they hold no records of the company. That presents difficulties reviewing their work.

A massive reduction in the performance and value of the company seems to have occurred as threatened. It would eventually have been seen on the bank statements. The bank would not let me see losses occurring as they occurred. We then sold our bay, at about $200,000 under valuation and marketing report, at a one bidder auction to avoid the mortgage to the BNZ bank. BNZ Better off? 

The BNZ bank manager and the BNZ's internal investigator, both claimed the legal accounts of the company had been stopped here and here respectively. How did small sums sporadically flow to and from the legal BNZ accounts they advised had been stopped as standard procedure? Like this perhaps? It seems then that the BNZ bank gave Gordon's Office & Point of Sale Supplies Ltd (Chapter 2) access to my company's bank accounts which they had given written advice had been 'stopped'. In any event the stopped bank account seems to have been stopped and unstopped on an ongoing basis at the discretion of the BNZ bank.

In August 2006 I instructed the Lyttelton Branch of the BNZ bank to comply with a memorandum of the court, in the banks possession, being that company funds cease to be placed into the 3rd party account bearing the false identity of the company's. The money belonging to the company continued to be intercepted by the branch into the 3rd party account. 

The Banking Ombudsman's findings of April 2008 state "The actions taken by (Mr...) on behalf of the bank are inexplicable." I was found without fault. The Ombudsman advised me in writing that the BNZ bank accepts the findings. The Banking Ombudsman's Office is described by Judge Anand Satyanand in his report of March 2006 as "... a tailor made response from the banking industry to dealing with consumer's issues".

Sir Josiah Stamp Former director of The Bank of England "The bankers own the earth. Take it away from them, but leave them the power to create money and with a flick of the pen they will create enough money to buy it back again. However take away their power to make money, and all the great fortunes like mine will disappear, and they ought disappear for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money".