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Bribes, death threat claim
Leslie White

July 8, 2009
MANAGED investment scheme promoters have been accused of issuing death threats, bribery, and running ponzi schemes.

Agribusiness analyst David Marshall, and another prominent critic of MIS who did not wish to be named, both claim they received serious threats as a result of their stance.

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"I've had people trying to run me off the road, and the odd phone call implying they were going to kill me," an MIS critic said.

Further revelations have emerged from submissions to the Senate Inquiry into Agribusiness Managed Investment Schemes.

In his submission, soil consultant John Rasic claimed Timbercorp tried to bribe him to provide false information.

His employment was "abruptly terminated" when he refused.

Mr Rasic also said the company attempted to bribe and intimidate individuals, pressured soil consultants to fabricate data "to impress investors" and deliberately engaged poorly trained and unskilled soil surveyors and site managers.

Asked to respond, former Timbercorp chief Sol Rabinowicz said: "What John Rasic put in there is rubbish".

Soil scientist Alfred Cass said in his submission land evaluations were "compromised by official sanctioning of flawed methods ... and vilification of individuals who criticised these methods".

He did not name a company directly in relation to the allegation.

Another submission labelled Great Southern's business model a "fraud" and a ponzi scheme. Great Southern did not comment.

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