Comments on: Ray Williams is no Bondy, Steve, Dick or Jack

By: Kate

Kate — Thu, 01 Jan 1970 10:00:00 +0000

Wow, Stephen Mayne whingeing about inaccuracy in news reporting…that’s a turnup for the books!

By: Stephen Wong

Stephen Wong — Thu, 01 Jan 1970 10:00:00 +0000

Well, I am not as bad as the others - so I am a saint. Strange argument.

By: Brian Dalgety

Brian Dalgety — Thu, 01 Jan 1970 10:00:00 +0000

Ray Williams was just an excellent white collar criminal who enjoyed life and paid a small price for his indiscretions. It was not an insurmountable price and now that he and his wife have surmounted it, Ray’s ready to enjoy life again.

By: Dr Harvey Tarvydas

Dr Harvey Tarvydas — Thu, 01 Jan 1970 10:00:00 +0000

While I don’t think Williams is as innocent or just unfortunate as is made out in this article and ‘the frenzy’ can be unjust as well as unhelpful Stephen does legitimately remind us of the very significant difference to Bondy, Dick, Steve or Jack and Ron

By: Tony Papafilis

Tony Papafilis — Thu, 01 Jan 1970 10:00:00 +0000

What exactly is the difference with bond et al? As for not selling shares, are you certain that Ray, like so many, did not trade shares through a company set up to avoid awkward questions about the boss’ trading, aka Vizard?

By: Sofia

Sofia — Thu, 01 Jan 1970 10:00:00 +0000

I find that relevant information was left out from your article. Findings at the Royal Commissions were contrary to yours. Mr Williams manipulated the reserves of the company to hide it’s annual losses. He had huge expense account, his salary was astronomical. The losses that HIH sustained in the UK and USA caused the Australian shareholders to lose billions of dollars

You say in your article that Mr Williams bough more shares on 22nd September 2000 – You will find that Mr Williams and several executives, were awarded large bonuses through their superannuation account to purchase these shares. These shares were purchased specifically to support the weak stock and given the impression that the directors were buying

By: dermie

dermie — Thu, 01 Jan 1970 10:00:00 +0000

the ten years means he’s finished he will never work again. Fitting punishment properly served. adler that’s another matter.

By: Tom McLoughlin

Tom McLoughlin — Thu, 01 Jan 1970 10:00:00 +0000

At a tangent - HIH insurer goes bust, huge inconvenience. Imagine global reinsurers deciding not to underwrite domestic insurance in Australia for weak or no (pre Nov 07) Kyoto ratification? Our SME economy dead in its tracks. That’s the future equation.

By: Chris

Chris — Thu, 01 Jan 1970 10:00:00 +0000

Ray has served his sentence. But many of the victims of his crime are still serving their time in virtual financial prison. Like the lady whose panelbeating shop was owed $250k by HIH, who went bust and lost her house. No wonder they are still bitter.