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Andrew Maguire Responds To Allegations

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Published : November 01st, 2013
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Category : Gold and Silver

Andrew Maguire has formally responded to the allegations made about him from Jeff Christian at the Silver Summit that we posted here last week. Before we get into that however it is important to be a bit more specific on the allegations made by Christian.  Many people just read the story but a fellow blogger who has also been following the story behind Andrew Maguire  has obtained permission from Jeff Christian to publish his slide presentation presented at the Silver Summit.  Up until Bron Suchecki obtained permission from Jeff himself to publish the contents of his slide, we’ve been going by the Kitko story referenced on the Kitco site last week.  With this permission from both Bron and Jeff, it is important to note the details of Jeff Christian’s timeline so that readers better understand all this.  This was from Jeff’s slide presentation at the Silver Summit.  You can read Bron’s  full post here.

Who Is Andrew Maguire?

Andrew Thomas Maguire, formerly Andrew Gerhard Maguire

Born 4 June 1951 in Germany British citizen

1980s: Sundry jobs in England

  Car salesman at Henleys, a car dealership, London

  Car leasing agent at H.R. Owen car dealership, Old Brompton Road, London

  ICS, start-up insurance courier company

1989: Immigrated to Canada and started a vehicle leasing company, Custom Lease Capital Inc. Operated for around five or six years, it appears.

Late 1990s: Day traded his own account.

2004: Started another vehicle leasing company: Auto Direct Leasing and Rentals.

2005: Left his wife and family and moved back to England. Apparently unemployed for two years or so.

Circa: 2008. Had a job in a financial institution in London which reportedly collapsed in the financial crisis. Reportedly was at Lehman, which he denies. Not clear what position he held.

Maguire has since issued a formal reply. The complete response can be found at KITCO.COM Maguire made it clear that he will not be making any further statements on this issue however this story won’t go away because people, including Jeff Christian are already blowing holes into the official response by Maguire. Andrew Maguire in part said;

“In providing this response, it is not my intention to perpetuate a distracting and time wasteful exercise and will, therefore, not make any further comments relating to this matter as not only is it a waste of everybody’s time but it attempts to detract from the key issues of my work

Maguire also clarified misconceptions of the companies that he has worked for over the years. During the 2010 CFTC hearing, GATA had presented Maguire as a Goldman Sachs employee, a claim also made on his Wikipedia page, which has now been revised since the release of the article.

“I am recognised as a Metal Trading specialist and an accredited CFTC ‘whistleblower’ and I want to make the following information categorically clear. I have never said I worked for Goldman Sach’s. This no doubt arose because J Aron was taken over by Goldman Sachs and I suspect that is how people have wrongly attributed to me that I worked at GS. With regard to my tenure at J Aron, this was a very short term junior position taken 41 years ago coinciding with my 1st emigration to Canada and I do not attribute any of my trading experience or skill set to them.”

Maguire added, “My fulltime institutional banking career started in Canada in 1972, at Associates Capital International, a division of Gulf and Western, prior to its acquisition by Citigroup, where I fulfilled numerous senior management roles in both Canada and later in the UK, specialising in derivatives trading. I left ACI in 1982 to become an independent trader, specialising in the precious metals markets whilst also pursuing several other business opportunities.”

What is noteworthy on a cursory review is that Maguire alleges to have worked for J Aron at a time when according to my research and the research of others, they didn’t even have a Canadian office. Of course I will make necessary corrections if indeed I am shown to be wrong in my research.

I also cannot accept that anyone who previously worked for J. Aron can classify themselves or represent themselves as a former Goldman Sachs employee. 

Of course, there is more to this story which in time will come out.  However, what is laughable about this all is that Maguire maintains that he was attacked because he is, “exposing the imminent default of the LBMA unallocated bullion banking system.”  Yes, yet another allegation that the banking system that we know is about to collapse.  A familiar theme among the perma bulls.

I will continue to provide more information as it becomes available and will post Jeff Christian’s formal reply in a separate post.

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The exposure of Maguire as a fraud and hoaxer, is welcome news to those of us who have warned of the nonsense from GATA.
The credibility of GATA has been trashed by the simple fact that they admit to not checking Maguires claims, or his story of being an insider.
It is obvious from the posts here that the gatagoons won't accept the truth willingly, but no bother.......the reality about the reliabilty of GATA is plain for all to see.
The demise of both is good news.
Mister "Dontrose" , it's ok now . We all know that you are working for the CIA in order to say and write the more possible evil comments about Maguire . You can stop now . All can see that you are a piece of sh.. .
Rate :   1  3Rating :   -2
I have just listened to Mr Maguire being interviewed by Mr King on KWN.Quite frankly he makes more
sense than any of the rubbish I have read written by dan .
Mr Maguire comes across as a very sincere and humble man informing us the enquiring listeners information
not readily gleaned from other sources.I have been in the financial world for over 45 years and was tutored by
the finest and have the ability of sorting the wheat(Mr Maguire) from the chaff (dontrose)

Having said all of the above I think this is the last word on the subject Mr Maguires reputation has been enhanced
whilst that of the disorderly ranting and absolutely childish comments and scurrulous remarks levelled at Mr Maguire
by the ubiquitous dan dontrose have been thoroughly blackened.

The voting albeit coming from a very small sample would in anyones opinion NOT change if it were multiplied by 100 times
be any different.

You cur owe Mr Maguire an outright apology.Will it be forthcomming somehow knowing what we are talking about here I don't think so

Thank you 24GOLD for giving me the opportunity for posting this comment.
Rate :   2  2Rating :   0
You once wanted Maguire to post his Curriculum Vitae. Well lets see yours. Fair is fair and if you really are as good as you say lets see the dope.
Rate :   11  2Rating :   9
Dan, thanks for taking time out to repost for the umpteenth time Maguire's details. I'm sure the world sleeps better knowing that your keeping your eye on the man. Your like a PM diva, worth nothing, cost a lot to maintain, and provide no useful information.

Go get a life or better yet, chase cars on a freeway.
Rate :   11  2Rating :   9
You must be desperate for readership and some ego boosting Dan. This is the third piece you've posted on the subject in a week. Good grief, so you made one right call about Maguire, whopty doo, so did others yet your the only only one that's repeatedly telling anyone who will listen that you were da man, you called it. Golly gee Dan you must be some sort of a hero. Well your not. In fact because you posted three separate times on this one subject shows exactly how poor your other calls are since your clinging to this and trying to milk any exposure you can out of it.

Your a sad man if your claim to fame is suspecting Maguire to be less than he was touted to be.
Rate :   9  3Rating :   6
Latest comment posted for this article
I have just listened to Mr Maguire being interviewed by Mr King on KWN.Quite frankly he makes more sense than any of the rubbish I have read written by dan . Mr Maguire comes across as a very sincere and humble man informing us the enquiring listeners  Read more
neville - 11/3/2013 at 11:20 AM GMT
Rating :  2  2
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