The following is a transcript of a live interview conducted by Jessica Burrows.
The interview uncovers the truth behind the case between ASIC & Mr Jamie McIntyre and details in full the false allegations raised in 2001.
Please note; Jamie McIntyre & ASIC have settled the matter outside of court in August 2007 after a 5 year long battle. ASIC could not prove any of the allegations in court.
THE FACTS BEHIND THE ASIC VS JAMIE McINTYRE
Interviewer
So Jamie, firstly thank you for being willing to openly discuss the ASIC issues from the past, which I know were somewhat damaging to you and your career for many years and seem to continue to be, despite the fact they were settled some years back.
Can you give us a brief overview of what it was all about and how it started?
Jamie McIntyre
Sure. I'm more than happy to.
The initial issue with the Australian Securities and Investments Commission began back in September 2001.
I was on a business trip to England when I received a phone call from my office in Australia saying my Head Office had just been raided by overzealous ASIC officers with no reasoning or notice.
I immediately guessed why, as only a few weeks before I'd been informed by the CEO of a large Queensland Company that my Financial Controller used to work for them, but was found to be defrauding the company and was convicted of fraud on two previous occasions.
This naturally alarmed me as I had already commenced an internal audit for missing monies and had wrongly believed it was my business partner.
So I informed the financial controller that I'd become aware of her past and was going to report her to the police.
She threatened if I did, she'd go to a contact in the ASIC and cause me a great deal of trouble.
I ignored the threat and reported her to a Detective in Brisbane.
I had nothing to hide from any Government regulator, so I didn't take much notice of her threat, nor was I willing to be blackmailed.
Ignoring her threat, however, turned out to be a big mistake.
So you are saying that the whole ASIC debacle started from a former Financial Controller who was stealing from you and went to a contact in the ASIC?
That's correct. And it was verified in court documents where ASIC had to admit she contacted them, which is why they launched the investigation. Which pretty much means ASIC was actually colluding with a convicted criminal to attempt to destroy me. Plus back in 2001, ASIC were targeting the wealth seminar industry, so they were after anyone in the industry to nail so they could be seen to be cracking down on the industry.
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