These media people, Commonwealth Superannuation Scheme board members and JP Morgan Nominees must be rolling in the aisles!  At least part of $160 million was transferred on the strength of one facsimile - and we are led to believe that there was no other contact!  Added to this the financial transfer was conducted between CSS accounts and non-CSS accounts located offshore!

Under questioning on the "Sunday" programme (Channel 9 - Sunday mornings - 6/6/02) it was not revealed if all of the money was recovered.  The interviewer repeated the question a number of times, much to the discomfort of the person representing CSS, and the best that was obtained was that JP Morgan Nominees had "topped-up" the CSS accounts to the level they were before the transfer(s) and therefore no money was missing.  The Australian Prudential Regulatory Authority (APRA), of the HIH fiasco infamy, declined to investigate "because there was no money missing" (so we were told - but this may not be the case if the circumstances surrounding this affair are any guide)!

The Australian Federal Police (AFP) instructed the CSS board and JP Morgan Nominees to keep this scandal "under the hat" for six months because the AFP said said they were likely to catch the culprits if these crooks did not suspect that someone was on to them.  Either the AFP are really dumb or the AFP thinks that crooks are really dumb because I'm sure most people would understand that once the money did not get transferred into the offshore, non-CSS accounts as instructed by facsimile that the jig was up!  If you don't think that either the AFP or the crooks are that dumb then there is always the other possibility that the the CSS board needed to come up with an excuse for keeping the lid on this scandal - and the best that they could do was delay publicity about this scandal for a number of months.  Getting another party (the AFP), to deflect the responsibility for the strategy, to place a ban on publicity about the attempted scam would seem a good idea to them.  I don't think that this "service" from the AFP would have come cheap, because $160 million was involved, nor do I expect that this "service" would be advertised on the AFP's web-site!

My belief was that this scheme was discovered by chance - or just plain bad luck (depending on who you are) that someone who wasn't supposed to be on duty in JP Morgan Nominees intercepted this facsimile

One of the newspapers stated that this fraud was not an "inside job" (CSS employee) so its obvious that some drunk thought it up and attempted this scam on "the spur of the moment".  Its obvious its an "inside job" otherwise the keeping silent about it would not have had any reasonable chance of revealing the perpetrator(s) and another thing is that JP Morgan Nominees' facsimile number, over in the U.S., would not have been well-publicised.  FROM THE PRECEDING I HOPE THAT YOU UNDERSTAND THAT ALL OF THE PEOPLE IN UPPER AUSTRALIA (the CBDset) DO IS PONDER OVER WHICH FRAUD TO RUN NEXT!

Superannuation is such an easy target because members of these funds do not have much control over or knowledge of their investment.  If you think that there are any changes after the dis-Honourable Helen COONAN allows superannuants to take control of their funds after July 1 next year you haven't understood the cartoon on this other web-page I've referred you to where the whole Stock Market is just a racket!  I've head people say, "You'd get a better return from a bank (account)!" (but then these scammers would miss out on taking a cut of your money!)  To me the most amazing thing about this racket called superannuation is that no-one has written any complaint about it referring anyone in a position to do something about it to the information I have had displayed on the internet  I don't say, "Let them eat cake."  I say, "Let them take MORE!"

After a while you'll understand that the actual business your government is involved in is giving away your taxation dollars to their mates!