No Trust
JUSTICE IS COMING...
- Joined
- 22 November 2010
- Posts
- 4,495
- Reactions
- 3,566
I am with you Mozzi. I posted my remark with great degree of scepticism. I too believe the leopard will never change its spots.
Hall Chadwick have shown their true colours throughout. These guys are a bunch of hypocrites and say one thing at an investor meeting and then try and pull a sly one over a bunch of defenseless old people...
Remember "All Bran" saying the fees wouldn't be charged against the income funds and then tried to do it afterwards... Slimey indeed...
At least David Whyte exposed them...
https://www.comcourts.gov.au/file/Federal/P/NSD2028/2013/actions
expand the link above to look at the orders filed in the case on 24 March 2014 and you will see that KPMG and Paul Steer ( Auditors and Audit Partner, respectively ) have been well and truly drawn in as fifth and sixth respondents.
As they signed off on many years' worth of Equititrust accounts, scrutiny will/should fall on whether they paid proper attention to their job. To my mind, this line of enquiry is probably the best chance investors have of recovering any significant amounts - if the partners of KPMG decide to offer some sort of settlement. Lot of water will be passed under the bridge before that point, so patience will be required.
You'd think that if the rumoured family links b/w the audit partner and the largest borrower/defaulter from E'Trust were to be proven and were brought into play it would begin to make the KPMG partners more than a little edgy.
Looks like McIvor will cross examine Tucker and Cowan himself ... This should be hilarious...
Order the popcorn, I will definitely be in court to watch this one...
Any idea of a date and time. I will happily fly back to Aus for a ring side seat
Now will Racy Stacey turn on him too ??? We wait with baited breath...
HOT OFF THE PRESS -
18th report online from Mr Whyte - However, even he must be getting cheesed off with the same old, same old!!!!
AND AS FOR HALL CHADWICK .........
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