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Wrong Michael Reeves?

Mr. Michael Reeves

Chief Executive Officer

LOM

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LOM

Background Information

Employment History

Chief Executive Officer

Lombard Finance Pty Limited

Chief Executive Officer and Founder

Lombard Group limited

Web References (74 Total References)


Proposal to restructure Lombard Group Limited: Australian Consolidated Insurance Limited | Insurance Services Group

www.australianconsolidated.com.au [cached]

Mr Reeves, Chief Executive of Lombard, commented that after very careful consideration of the prospects of Lombard and its existing business, and very much endeavouring to act in the interests of all shareholders, LOM had identified a transaction with ACIL as an exciting opportunity for LOM.

...
LOM's Chief Executive Michael Reeves commented that "The Board recognised that Lombard's business focus needed to change and we are delighted to now be in negotiation with ACIL to address that need."
"ACIL is a company with a proven track record, providing LOM with the opportunity for diversification into the insurance services sector.
"We have a lot of work to do to provide LOM shareholders with the information they need to consider this proposal and every step possible will be taken to ensure that shareholders understand what is proposed and that all shareholders are treated fairly. " Mr Reeves said.
...
Michael Reeves Chief Executive Officer Lombard Group Limited Tel: +64-4-499 7365


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.

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