ASIC – Covering Up the Fraud – Part 2

{Published 6 February 2015}

ASIC Greg Hackett 6 February 2015

PR 6 Feb 2015

The Chairman of ASIC, Mr Greg Medcraft, has claimed that Australia is a ‘Paradise’ for white-collar criminals – a statement he was forced to retract by the Finance Minister and former Acting Assistant Treasurer, Senator the Hon Mathias Cormann.

However ASIC has been involved in the attempt to cover-up Australia’s Worst White-Collar Crime for the last five years.

ASIC in the United States, the SEC attempted to cover-up the Bernie Madoff Ponzi Scheme Fraud for nearly a decade, so attempted cover-ups by “Regulators” captive to the industry they regulate are nothing new.

Five years ago an ASIC Office misrepresent a document signed by the well known white-collar criminal Ken Jarrett as the “Trust Deed” of a regulated superannuation fund when the genuine Trust Deed was executed some seven decades earlier.

This ASIC officer been provided with the opportunity to do what he should have done five years ago and that is to enforce disclosure of the genuine Trust Deed made on the 23 December 1913 in the State of South Australia.

It is a criminal offence for the Trustee to conceal the original Trust Deed.

Evidence that confirms the Jarrett Deed to be fraudulent has been provided to ASIC and this evidence will also be posted on a new website dedicate to this fraud to be launched in early 2015.

The ASIC Officer has refused to enforce disclosure of the genuine Trust Deed and is instead providing “protection” to the well known white-collar criminal Ken Jarrett and his associates and protectors.


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