“Rich as” Sir Colin Meads

“Solid as... I'd say!"

 

That's how All Black-legend Colin ‘Pinetree’ Meads described Provincial Finance predominately to that of his same demographic, who given his status placed $300 million into a company that went bust in 2006.

 

Meads himself said five years ago he had lost money in Provincial and his promotional activity "You do it in good faith. Because it was Colin Meads, people put their money into the company." 

Meads also acknowledged he was the “figurehead” of Provincial Finance.   

Meads is still held in high esteem in New Zealand even though his endorsement lead to 14,000 Kiwis losing approx 10% of their nest-eggs.    

Cripes the bloke has a knighthood!  

Remember Sir Colin and Lady Verna stated at the time they too were victims of the same finance companies collapse.  

 

Garnished sympathy by claiming to be in the same boat as other investors.  

Really? 

Truly?  

I bet you gave back all the money you received for running the campaign as well to limit the fallout to investors, right Colin?  

 

At their stage of life poor old Colin and Verna must now be on the bones of their arse as a result of their losses in Provincial Finance?  

 

Think again!

On the weekend Colin Meads was at Ellerslie as a part-owner of the hot favourite Ruud Awakening in the $1 million feature race.

Sir Colin’s horse won by the way. 

Lady Verna was trackside as well but wasn’t cheering for Ruud Awakening, as she is a co-owner of one of a rival horse in the same race, Charlestown.  

Charleston finished mid-field.

For seventy-something pensioners Sir Colin and Lady Verna are evidently doing very nicely financially. 

They can’t have taken much of Colin’s own advice.  

Shame they don’t have the integrity to give their share of Ruud Awakenings winnings to some other poor bastards involved with Provincial Finance who can’t even afford presents for their grand-kids let alone interests in two thoroughbreds.       
 

Shame the N.Z Media swooning over Sir and Lady Meads at trackside, selectively blanking-out  Colin's role in ruining the lives of hundreds, if not thousands of Kiwis.  

Mark Hotchin from Hanover Finance infamy was pursued relentlessly by journalists in this country, TV3 in particular.

But I guess Hotchin’s not a sacrosanct  All Black with a title.