Double Deception

{Published on 5 November 2014}   PR 5 Nov 14

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 Acting Assistant Treasurer, Senator the Hon Mathias Cormann.

A copy of a purported Deed of Variation attested by a well known white-collar criminal has been provided to the Acting Assistant Treasurer, along with two Deeds that confirm the entitlement of widows to receive a survivorship pension.

The document attested by the well known white-collar criminal, Ken Jarrett, purports to abrogate the right of widows of qualifying male officers to receive their survivorship pensions.

This document also purports to reduce the typical benefit for a member of the fund by around 80%.

This fraud has not only involved a deception by a purported Trustee that was not lawfully appointed to the office of Trustee, but also involved a deception by the “Regulator” ASIC.

Both the Purported Trustee and ASIC have attempted to deceive members of The Provident Fund (aka Elders IXL Superannuation Fund) that a document signed by the well known white-collar criminal, Ken Jarrett is the “Trust Deed” of the fund, when the genuine Trust Deed that established the fund is dated 23 December 1913.

ASIC has blocked access to the genuine Trust Deed for over 5 years and falsely claims that members have no legal right to have access to the genuine Deeds of the fund.

The members were able to gain access with the assistance of the Attorney-General of South Australia and his Department.

The actions of Ken Jarrett and his associates as well as the actions of ASIC confirm that Australia is indeed a “Paradise” for white-collar criminals, where Australia’s Worst White-Collar Crime can be proven by just counting the number of signatures on a document that bears the signature of the white-collar criminal.