Equititrust?

[Bonne Chance]

SACK THE LIQUIDATOR

SACK THE LIQUIDATOR

SACK THE LIQUIDATOR

The reason for his previous suspension of 9 months in 2008:

The Board stated that ‘a reasonably competent practitioner would know not to and would not accept an engagement to perform by means of a contrivance functions which he was prohibited from performing as an appointed administrator’, and further, that Mr Albarran ‘has committed breaches of professional obligations which show a significant lack of appreciation of the purpose and scope of accepted standards of professional conduct relating to independence and objectivity.’

I wonder if he has learned anything since.

Why do all the 'disgraced' from NSW always come to Queensland?

 

[Just Observer]

COSY RELATIONSHIPS

It wouldn't surprise me if the Liquidator and the Equititrust's Directors (especially McIvor) have regular informal cosy meetings discussing what and not to do next.

 

[Bonne Chance]

Re: Liquidator

It seems our Mr Albarran has indeed had an interesting past. Only yesterday I watched a Ted video on how things stay on the internet forever.

http://www.theaustralian.com.au/business/legal-affairs/merciful-ruling/story-e6frg97x-1225714352324

He's repaying $1.6mil at $23,000 per month until February 2013 out of his $77,000 per month earnings. Wonder where he gets all that dough from? Umm ... that would be us and others like us.

http://www.allens.com.au/pubs/arir/2003/deeds.htm

An administrator appointed to Albarran's company.

http://www.smh.com.au/business/liquidators-the-6m-men-20100413-s7mc.html

A lovely article on liquidators in general and confirming Albarran's income of $924,000 p.a. but that was back in 2009 so it's bound to be higher now.

Holy dooley.

 

[Mozzi]

Re: Liquidator

It seems our Mr Albarran has indeed had an interesting past. Only yesterday I watched a Ted video on how things stay on the internet forever.

http://www.theaustralian.com.au/business/legal-affairs/merciful-ruling/story-e6frg97x-1225714352324

He's repaying $1.6mil at $23,000 per month until February 2013 out of his $77,000 per month earnings. Wonder where he gets all that dough from? Umm ... that would be us and others like us.

http://www.allens.com.au/pubs/arir/2003/deeds.htm

An administrator appointed to Albarran's company.

http://www.smh.com.au/business/liquidators-the-6m-men-20100413-s7mc.html

A lovely article on liquidators in general and confirming Albarran's income of $924,000 p.a. but that was back in 2009 so it's bound to be higher now.

Holy dooley.

DOES ANYONE KNOW?


This is frightening stuff!! What does it really take to get the authorities to take serious action against some of the questionable actions/or non actions of some of these people who are slowly bleeding whatever there is left of the funds?

Where are all these people we thought were going to help? TV, newspaper coverage, Courts etc. and more importantly ASIC? (Hang on, do we not pay Asic's salaries?)

Oh, and where is Piper Alderman in all this? Last post on their site was February - have they chickened out too? They didn't even turn up to the April meeting!

Does anyone know?

 

[ASICK]

Sorry to remind you guys - ASIC is NOT a prudential regulator. ASIC is not going to be bothered if investors lose all their money providing there's no breach of law, and even then it seems from the information released on this thead, even that has its limits.

The need to make a buck brings players to the table - lawyers want to make money, so they're in there to get some of YOUR money as they spruik class actions. Receivers make big bucks helping you - administrations are in there too.

If you feel alturism is at play, then you might feel hopeful, until of course, you see the accounts these good folk render - then reality sinks in.

oh.. ASIC .. that's right - speaking about ASIC not being a prudential regulator --->

http://www.theaustralian.com.au/bus...-arp-growth-fund/story-e6frgac6-1226373723965

"Asic disputes fraud finding on ARP Growth Fund

by: John Durie
From: The Australian
May 30, 2012 10:53AM

THE Australian Securities and Investments Commission (Asic) has disputed a parliamentary committee's finding that all Trio Capital losses were due to fraud.

The markets regulators argues that the ARP Growth Fund – a managed investment scheme run bt Trio, the failed fund manager – collapsed due to bad investment decisions.

The distinction is important because a finding of fraud triggers compensation payments to investors, whereas bad investment decisions do not lead to compensation for investors' losses.

Asic has also decided there was insufficient admissible evidence to take legal action against the alleged Trio mastermind Jack Flader.

Flader, who is now based in Thailand, was interviewed in Hong Kong in the presence of Asic staff and, based on that interview and others, Asic has concluded that it could not substantiate a case against him."

 

[ASICK]

http://www.abc.net.au/news/2012-05-30/asic-wants-warnings-of-self-managed-super-risk/4041794

"The corporate regulator has suggested that self-funded retirees be required to acknowledge that they are not covered by the prudential regulator's guarantees for theft or fraud.

The move comes after investors in Trio Capital discovered they were not eligible for compensation when the company collapsed in 2009.

The parliamentary report into the Trio collapse highlighted an "expectation gap" among many Trio investors, who wrongly believed that their self-managed funds were covered and guaranteed by the prudential regulator APRA.

Investors quickly discovered they were "swimming outside the flags", and that managing their own super carried a much higher risk and no compensation."

 

[No Trust]

The Nightmare Has Started

"A PALM Beach beachfront site, held by Mark McIvor, head of troubled former merchant bank Equititrust, has sold under the hammer at the behest of a receiver for $1.6525 million.

The 597sq m site has 10m of beach frontage at 67 Jefferson Lane and is understood to have been purchased in 1991 for $575,000. It was released for sale by Will Colwell, of Ferrier Hodgson, and sold on Saturday."


http://www.goldcoast.com.au/article/2012/06/05/421785_gold-coast-business.html

Looks like all of Marky Boy's "dirt" is being sold by receivers and liquidators... Karma is a bitch

Adios Amigo

 

[No Trust]

Supreme Court

Keep an eye on the Supreme Court of QLD, the action is hotting up on all fronts.

 

[No Trust]

Liquidate the Liquidator

My oh my "All Barren" must be having all manner of fun with the McIvor's... Has he got the Personal Financial Statements yet or is this a big issue now...

Speak liquidator speak... Has the cat got your tongue or can't you do your job...

 

[Mozzi]

Re: Liquidate the Liquidator

My oh my "All Barren" must be having all manner of fun with the McIvor's... Has he got the Personal Financial Statements yet or is this a big issue now...

Speak liquidator speak... Has the cat got your tongue or can't you do your job...

What is happening, just fluked this site again. All the usual links have disappeared and even trying to bring up Equititrust forum which worked before has gone. What's missing? What changed: Is it a housekeeping issue with Aussie Stock Forums?? HELP!

 

[Olman]

Re: Liquidate the Liquidator

What is happening, just fluked this site again. All the usual links have disappeared and even trying to bring up Equititrust forum which worked before has gone. What's missing? What changed: Is it a housekeeping issue with Aussie Stock Forums?? HELP!

No problems here. Might be your computer?

 

[Mozzi]

Re: Liquidate the Liquidator

No problems here. Might be your computer?

Thanks Olman, wondered if others were having trouble!

Will persevere and have the machine checked if difficulties continue!!!!! Perhaps the grandchildren can help! Mozzi's expertise in computers is almost as good as expertise in choosing financial investments!!

 

[meridian]

Re: Liquidate the Liquidator

Thanks Olman, wondered if others were having trouble!

Will persevere and have the machine checked if difficulties continue!!!!! Perhaps the grandchildren can help! Mozzi's expertise in computers is almost as good as expertise in choosing financial investments!!

G'Day Mozzi,
I'm having the same problems as you logging on, so are others here on the Gold Coast.

 

[Just Observer]

Aussie forums euititrust

G'Day Mozzi,
I'm having the same problems as you logging on, so are others here on the Gold Coast.

I have no problem is getting to this site. I always access this website by typing "aussie forums equititrust" on google home page. It will bring me directly to this forum. I hope this help.

 

[Mozzi]

Re: Liquidate the Liquidator

G'Day Mozzi,
I'm having the same problems as you logging on, so are others here on the Gold Coast.

Ha! Success! Back to the way it was first done = Google Equititrust Forum. Up comes Equititrust Aussie Stock Forums. Click on there and here we are again. Don't know who sorted it out but someone sure as hell did.


Was also getting a lot of junk like winning a new Iphone every time Equititrust was googled and couldn't get rid of the page. Maybe McIver has started up a new business!

Anyway, thanks, back to my daily fix! Hope it wasn't someone sabotaging the page!

 

[No Trust]

Liquidate the Liquidator

Everyone, it seems is waiting for the liquidator ... The report will make for interesting reading... Has "All Barren" got McIvor's personal financial statement??? Has any litigation been considered against McIvor??? Investors are waiting and waiting and waiting and waiting and waiting...

 

[No Trust]

Re: Liquidate the Liquidator

Is the liquidator still acting ? Have they resigned ? Are they about to resign ?

It really is time they said something and it better be we have McIvor's Personal Financial Statement...

Don't hold your breath...

---

Everyone, it seems is waiting for the liquidator ... The report will make for interesting reading... Has "All Barren" got McIvor's personal financial statement??? Has any litigation been considered against McIvor??? Investors are waiting and waiting and waiting and waiting and waiting...

 

[No Trust]

Bunkered Down

Are the Miserable McIvor's still bunkered down on the Isle of Capri ??? Or is that bunker at risk as well ? Something is stirring...

 

[No Trust]

Liquidator

What is the Liquidator doing??? Is it that hard to track down McIvor and get his Personal Financial Statement ???

 

[word75]

Re: Liquidator

What is the Liquidator doing??? Is it that hard to track down McIvor and get his Personal Financial Statement ???

Is everything really that quite? A few weeks go by and there's no movement at the ranch or is there!
Tricky is out there banging away with VAX and has any one read his reams of bulls...in his attempts to re quote VAX on the NSX. What troubled property fund on the GC does he refer to as the platform for his companies re launch. Please he basically says it.

Does anyone think he as given up on his plans to back Equititrust into VAX by the back door. Why else would they have scrimped up 500k from one of the believers to re float that carcas... It's still a bloater and smells just that little bit more given the deathly quietness from ALL BRAN. I mean doesn't this whole mess just make you want to GO. Bran does that to me, am I being sceptical but what is the bowel moving ALL BRAN up to... Wouldn't be working with Tricky on Shell Game Mark 2

I'm told that unit holders who ring this information line XXXX XXX XXX may feel some comfort and maybe some answers will be forth coming. Like where is all the money and where are the PERSONAL FINANCIALS.

And for some sobering news. ALL BRAN is under no time constraints to report, there is no requirement to do so and in fact I came across a similiar matter where the report took 7 years to turn up, all the while the vultures fed of the unit holders reminding equity.

20 Cooper st Double Bay has been sold... When do we see the money.

Oh and what is CONIVOR up to with the Murwillumbah property, does the receiver know that he is behind the negotiations.