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Equititrust?

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NATIONAL DISGRACE

ALL-BARREN himself was a struck off liquidator and almost bankrupt insolvency practitioner.... didn't we do well !!!!!


No Trust said:
As I have repeatedly highlighted what needs to be asked is where McIvor and his cohort Racey Stacey are getting money to pay for a luxury rental a driveway full of luxury cars and private school fees ???

The liquidator "All Bran" despite promises has done nothing to investigate the stripping of funds from Equititrust prior to its collapse despite noting the occurrence of payments to McIvor related entities without any form of invoice in their initial report as Administraitor...
It is clear the liquidator having been appointed by McIvor is not playing a fair game which has now resulted in a formal complaint against them to ASIC...

I encourage other investors and creditors to do the same...
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A small but interesting item on page 48 of today's (Monday) Gold Coast Bulletin regarding the sale of the house on Cronin Island and the intrigue.
 
Missed yesterday's paper, any chance you or someone else can summarise what the article says..
 
Cronin Island - Island of Deceit

Something seriously suspect has gone on here... What will the court documents reveal ???
 
CONMAN ISLAND and the FUHERERBUNKER

you will find this....

1. the Vendor was put up to it
2. contract was 'loaded' and designed to trick CBA into lending
3. all parties to the Contract will be shown to have known this was the go
4. the shock disclosure (no big surprise here) will be who was the true beneficiary re the new house ownership.

BOGGO ROAD must be lookign closer by the day

the CBA wont go easy on this one

they have been made to look like fools.


No Trust said:
Something seriously suspect has gone on here... What will the court documents reveal ???
Click to expand...
 
Re: CONMAN ISLAND and the FUHERERBUNKER

Sources close to the matter have confirmed today that the matter has been referred to the police and a major fraud investigation has begun... Someone is going to get a knock on the door at a very inconvenient hour, if they haven't already...

These files are very hard to shred and the culprits have been caught with their pants down...

Now does anyone want to guess who the real beneficiary of the property was ??? Bare Trust and all...

The mystery "beneficiary" has pulled this Trust shell game before and was caught out, this time it seems the stakes are a lot higher and a stint in a correctional facility is not only warranted but now seems highly likely...


klua said:
Boggo Road is closed now, but we all know what you are saying.
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It seems there is another major controversy brewing connected to this disaster...

Eye watering stuff...
 
Cronin Island mansion built by Mark McIvor draws top bid $5m below what owner paid

"Mr McIvor, founder of failed fund manager Equititrust which collapsed owing investors millions, lost the property to receivers"

Look at this unfolding, disaster connected to McIvor's repossessed home... Now why would you buy a property for 6.75M and only months later put it to an urgent auction...


Something seriously suspect has gone on here...

Was the now "impoverished" Marky Boy at the auction with cry baby Stacey ??? :)


http://www.couriermail.com.au/news/...-what-owner-paid/story-e6freoof-1226458361281
 
Mr Whyte's report is now online at Equititrust site. Have not yet had time to read it!!!!!
 
At least David Whyte is doing his job, what is "all bran" the liquidator doing???
Nothing... That's rights that appointment was CONected to McIvor...
What scam is the liquidator pulling ?
 
I have been involved in many of there for over 20 years and you should all be aware of this nice little earner................
often the lender [Or his mate] will loan top up funds initially [especially on construction loans] on a 2nd or even 3rd mortgage at high interest rates - 20-30% and will get his funds out before the 1st mortgagees even though there may be a deed of priority
This is not illegal so ASIC is not concerned but may be actionable if you ever find out about it.

And how can it be proven?
 
Whats Going On BEHIND THE SCENES

Whats going on behind the scenes... Looks like McIvor's deeds won't be forgotten after all...



6.jpg
 
Where is Marky Boy hiding whilst he is being pursed by the NAB and receivers ???

All his property and "dirt" taken away, no more Mr Egomaniac, just a legacy of having ruined the lives of thousands of innocent retiree investors...

He can't hide forever...
 
How can $200M PLUS be simply gone and no-one is yet in jail ???

1. David Whyte says we are down to 17cents in the dollar - BEFORE operating costs - so it will be NIL my friends as I said over a year ago.

2. How can a $300M plus loan book go to NIL and no-one be charged?

3. A fully paid Board of Directors; constant PDS releases saying all is well; Audits done each year and those accounts published = but no-one is at fault? It is a conspiracy to defraud us all.

4. Huge salaries and fees paid which have all come out of our money.....

5. No prospect of any recovery

6. Supposed loan moneys advanced to the likes of Quinlivan obvioulsy fonding their way through some smoke and mirror back door to other parties....

and neither ASIC, AFP, Fraud Squad , no-one..... not a thing has been done!

This is just going to dissappear into the Sunset - everyone just walks away well paid except the INVESTORS - all ripped off and broke.
 
Where is the money ???

Kostag is absolutely right in terms of asking where did the money go... Why have the police and ASIC not spoken to "King Con" about what really happened in Ipswich... How on earth could a valuer get it sooooo wrong. There is more to this than meets the eye.
 
Quarter of a Million Views

Within the coming days this thread will have had a Quarter of a Million views...

With the thread mentioned in the National Media and a raft of untruths uncovered, spurious claims and denials by Equititrust and McIvor exposed, thanks need to go out to Kostag for starting this thread and exposing the truth...

There are more revelations to come in the coming weeks and months which will expose what really happened, Piper Alderman have been keeping their powder dry and once proceedings commence and the evidence is presented ASIC and the Police will have no option but to move on those responsible for the ruination of some many retiree's lives.

The retiree’s have not been forgotten and this thread will keep the spotlight on the culprits of this disaster...
 
Good morning "Kostag".

Yes, you're right, off "into the sunset" - following along after so many others.

Sadly, I fear Equititrust will not be the last - you are all in good company.

Even in its 'death throes' your fund is worth much to many - I note that your much loved liquidator is making a handsome purse out of your troubles. No one is doing anything for nothing.
 
EQUITTRUST

the FUND will have $NIL for investors - a 100% write off!

I dont need a fancy Commerce degree to work that one out!

The best hope is through PIPER ALDERRMANN re a claim against PI insurance; a claim against the AUDITORS; and a claim against the DIRECTORS personally inclduing a forensic tracing of all their assets - injunctions restraining them all from dealing with assets and moving assets sideways....

otherwise, there is NIL for anyone!!!

Mark my words on this one.

Harry


ASICK said:
Good morning "Kostag".

Yes, you're right, off "into the sunset" - following along after so many others.

Sadly, I fear Equititrust will not be the last - you are all in good company.

Even in its 'death throes' your fund is worth much to many - I note that your much loved liquidator is making a handsome purse out of your troubles. No one is doing anything for nothing.
Click to expand...
 
Article on P32 of today's Gold Coast Bulletin regarding the auction of properties linked to MM .
According to the article it appears some were sold for bargain prices. Some properties were passed in.
 
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