For the Attention of Angel Gurria, Secretary General of the OECD.
The LM Investors Victim Centre (LMIVC), with this communique, wish to bring the Australian LM Investment Management debacle to the attention of OECD member countries and their finance representatives.
Approximately 12,000 high net worth, principally risk averse investors from across the world, many approaching or in retirement, face the loss of large percentages of their life savings amounting, in total, to over AU$700m. Many of those investors speak of lives ruined.
Whilst the responsible Australian authorities continue to investigate the circumstances of the debacle, LM investors are coming together under a call for unity and strength in numbers with registration at the LMIVC site address of https://sites.google.com/site/lminvestorvictimcentre/
The largest of the managed funds was, often fraudulently, promoted to investors across the world. Against an enormously diverse, global backdrop LMIVC would like to take this opportunity to urge OECD country representatives, in the interests of cheated, despairing LM Investors, to consider the creation of an OECD international member / delegate forum aligned to the OECD - G20 Financial Consumer Protection task force (activities of which are detailed here http://www.oecd.org/finance/financial-education/g20-oecd-task-force-financial-consumer-protection.htm) to pro-actively determine compensation and restitution options in league with the Australian authorities.
The LMIVC site at https://sites.google.com/site/lminvestorvictimcentre provides further information surrounding the 19th March 2013 collapse of LMIM. The LMIVC Facebook page at www.facebook.com/lmivc has private messaging enabled or you may respond directly to the LMIVC volunteer team at lmivc.nod@gmail.com or lead volunteer Victor John vjohn121@gmail.com
This communique is messaged to the private message option at the OECD Facebook page and submitted via the contact form OECD web site for the attention of Angel Gurria, Secretary General of the OECD at the Paris, France Headquarters. It will be displayed at the LMIVC website and Facebook pages unless the OECD determine that public display of the message is an obstacle to activities designed to progress the resolution of this investor debacle.
Footnote: On the 23rd April 2014 this Communique was the subject of a printed letter sent standard letter post to the OECD Headquarters in Paris, FAO OECD Secretary General, Angel Gurria, that included an LMIVC status update including information regarding the LMIVC Call For an Independent Inquiry into the LM debacle.