Allan Hubbard has died from injuries received in a car accident near Oamaru yesterday afternoon. He is described in the Herald this morning as a "failed financier", and whilst he has received all sorts of negative publicity over the last few years, his philanthropy over many, many years should be his legacy.
He died with charges from the Serious Fraud Office hanging over him. However, he was also a life-long follower of Jesus, and as a fellow Christian, we believe that he will now be judged by the only one who matters.
Rest peacefully Mr Hubbard. We offer our sincere condolences and prayers to those who mourn his passing.
4 comments:
pretty typical of a failed rag of a paper to describe someone who has affected so many lives positively only to have it all destroyed by a meddling govt struck with power lust.
Laissez faire financial markets would have seen SCF come through the GFC. Especially as there would have been no Govt guarantees, that could have been manipulated by a board trying to cover its risk on positions
RIP Allan.
Sadly I suspect it will be a case of the " good a man does dies with him"
Anonymous, SCF was not under Mr Hubbard's control when the decisions that sent it broke were made.
My understanding is that he attempted to reign SCF directors in but failed.
I agree with your sentiments.
A great man.
I will remember him as such, I hope the unproven, politically driven accusations against him are set aside by all and he is remembered that way.
It seems Alan Hubbard spent many years and many millions of dollars helping vast numbers of people so it's a very sad ending - fraud charges and then a tragic death.Also,based on the very basic dwelling he inhabited it appears he forgot to wrap some comfort around himself and his loved ones long after he'd earned it. Lessons here for those who have prospered but are getting old - have a plan of succession in place and hand over the reins whilst you're still on top of things, enjoy the fruits of your labours along the way.
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