SFO seeks deeper ties with police, FMA to target fraud more aggressively

Adam Feeley

BUSINESS DESK: The Serious Fraud Office, responsible for complex fraud investigations and prosecutions, is seeking deeper ties with the police and the Financial Markets Authority in a bid to target white collar fraud more aggressively.

Chief executive Adam Feeley told Parliament’s law and order committee of plans to strengthen the SFO's relationship with the police, sharing skills and knowledge to combat criminal activity.

“We are looking to broaden the relationship,” Feeley said. “We have had a good relationship with them (the police) and with the FMA – to date that progress has been positive.”

Feely said the SFO is working alongside the FMA to foster greater investor confidence in targeting white collar crime.

“The rest of the world has gone through a double cycle of white collar criminal activity - we are going through the cycle again – we would like to start the discussion,” Feely said.

Out of the 46 investigations processed in the year ended June 30,y 21 cases related to suspected fraud, according to its annual report. The SFO had prosecuted a total of 28 cases as at June 30.

“We would like to be getting out more and finding cases,” Feely said. “You can stop crime earlier and financial crime is a reoccurring crime – if we can intervene earlier we can stop it before it happens.”

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Adam Feely is on One Big Ego trip.

His own behaviour during the failed finance company Bridgecorp liquidation process is very, very questionable.

'He quaffed a $70 bottle of Bridgecorp Gosset champagne at a staff party in May last year and later distributed a biography of deceased businessman Allan Hubbard as a booby prize at a staff gathering last Christmas.'

He only received a wet bus ticket slap on the bum by State Services Commissioner Rennie and Mr Park in a disabled carpark (Bill English) called Feeley's actions a "storm in a teacup".

One Law for Feeley, Rennie & English and another for the rest of us?

Excerpts from the SFO's website, 'Our Purpose & Role.

'The Serious Fraud Office (SFO) is a small, highly specialised government department responsible for complex or serious fraud investigations and prosecutions. This doesn’t include more common dishonesty offences, which are a Police matter.

Both investors and the general public need to be assured that high-level fraud will not be tolerated.

The key words are, "Both investors and the general public need to be assured that high-level fraud [ indiscretions as well], will not be tolerated."

A quote springs to mind and it is this. 'Integrity has no need of rules.' Albert Camus

Adam Feely showed scant regard for the Integrity of the Office of the Serious Fraud.

Adam Feely availed himself of items that were not his to consume, share and to give away.

What does Rennie constitute as inappropriate behaviour? I wonder. These items were not his [Feeley's] to touch in the first instance. $70 and the quickfire sale of Hubbard's book, the money could have gone directly to the liquidator instead of going down Feeley's egotistical throat.

Here again is this untrustworthy SFO ceo on the hunt for those of the same ilk as he...Look in the Mirror Mr Freeley Help myself! He is Not Fit for Purpose to hold that position and as a member of the public, if this is the kind of person that the SFO and government has entrusted this Office to then any investigation initiated by Feeley should in turn be investigated...Untrustworthy and Uncouth Ego Power Hungry Maniac and the Surplus to requirements lawyer who dobbed in Feeley...She's no better, another who brought the Integrity of the SFO into disrepute. Nasty asses both of them!

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