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2013-07-01T00:00:00.000Z

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Wrong Michael Reeves?

Mr. Michael Reeves

Chief Executive Officer

Lombard Finance Pty Limited

HQ Phone: +61 1300 132 301

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Lombard Finance Pty Limited

Level 8, 201 Pacific Highway

St Leonards, New South Wales 2065

Australia

Company Description

Lombard Finance is an Australian owned finance company which has been helping both business owners and consumers achieve their goals and dreams. Having already established a nationwide network of retail partners marketing products such as Home Improveme ... more

Find other employees at this company (23)

Background Information

Employment History

Chief Executive Officer and Founder

Lombard Group limited

Web References (41 Total References)


Property Investment and guide to investing in Thailand

www.asiatradingonline.com [cached]

Lombard Chief Executive Michael Reeves pleaded guilty in December 2006 to charges of misleading investors in contributory mortgage schemes 8 years ago. It's like watching a car crash in slow motion.

...
The comments by Lombard CEO Michael Reeves about Lombard being the victim of a systematic collapse in an industry are contemptible. Reeves needs to look a lot closer to home for reasons for Lombard's failure. How can any prudent chief executive of a finance company believe that having 30% of your assets exposed to one project is a good idea. How could he believe that loaning twice the value of the entire equity in the company to one developer for one project is a good idea. More than 60% of the book was in just 6 loans. How dare anyone who did these things and pledged to "Invest Wisely" be in a position to blame someone else for their own predicament. This from somone who plead guilty to misleading investors less than two years ago. He was sentenced to pay a NZ$1,000 fine. hope the 4,700 investors in Lombard who are owed NZ$127 million get a chance to question Reeves and Graham. Hard.


Graham, former Justice Minister Bill ...

www.nzherald.co.nz [cached]

Graham, former Justice Minister Bill Jeffries, Lawrie Bryant, a former PR man for Queen Elizabeth II, and Lombard director Michael Reeves were convicted of making untrue statements in company offer documents before the firm's failure.

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Michael Reeves: 400 hours of community work.


Lombard men get home detention | ...

www.nzherald.co.nz [cached]

Lombard men get home detention | Lombard Finance directors Lawrence Bryant, Bill Jeffries, Michael Reeves and Sir Douglas Graham. Photo / Mark Mitchell

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Lombard Finance directors Lawrence Bryant, Bill Jeffries, Michael Reeves and Sir Douglas Graham. Photo / Mark Mitchell
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Lombard Finance directors Lawrence Bryant, Bill Jeffries, Michael Reeves and Sir Douglas Graham.
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Bill Jeffries was sentenced to eight months home detention and 250 hours community work and Michael Reeves was sentenced to nine months home detention and 250 hours community work, having both initially been sentenced to 400 hours community work.


Lombard Finance directors Lawrence ...

www.nzherald.co.nz [cached]

Lombard Finance directors Lawrence Bryant, Bill Jeffries, Michael Reeves and Sir Douglas Graham. Photo / Mark Mitchell

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Lombard Finance directors Lawrence Bryant, Bill Jeffries, Michael Reeves and Sir Douglas Graham.
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Michael Reeves and Bill Jeffries, also a former justice minister, were sentenced to nine and eight months of home detention respectively.


The Court of Appeal has just ...

www.nbr.co.nz [cached]

The Court of Appeal has just released its full judgment of its dismissal of appeals against conviction and sentence by the Lombard Four - ex-justice minister and chairman Sir Douglas Graham, Bill Jeffries, Lawrie Bryant and Michael Reeves - for giving misleading information about the state of Lombard's loan book just before the company collapsed.

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Michael Reeves is sentenced to nine months' home detention and 250 hours' community work.
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The officer also has power to authorise Jeffries and Reeves to leave their homes for part of each day for employment reasons.
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Along with fellow accused Lombard chief executive Michael Reeves, they were convicted, given non-custodial sentences and ordered to pay six-figure reparation.
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Michael Reeves

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