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Equititrust?

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Conflict of Interest
How does this affect Jackson sitting in on trials related to Mortgage Lenders... He should step aside, he is compromised in every sense and has a conflict of interest... BFF Banned for life by ASIC, thousands of retirees lost life savings and in the midst of the turmoil knowing full well who and what McIvor was, David Jackson accepted a board position at Equititrust ??? Lot of people are shaking their heads at this...
 
Discussions in Southern Capitals about David Jackson's involvement in this is raising eyebrows ???
 
"A Queensland Supreme Court judge is among 19 people connected to the failed $260 million Equititrust finance company who will face public examinations in the Federal Court in Brisbane.

Former Equititrust director and now justice David Jackson, along with the disgraced founder of the company Mark McIvor and his ex-wife, lawyer Stacey Blythe Turner, are among those called to give evidence by the company’s liquidators."
Judge called for questioning over $260m failure
ANTHONY KLAN
The Australian
31 January 2017


No Trust said:
Judge called for questioning over $260m failure
ANTHONY KLAN
The Australian
31 January 2017
http://www.theaustralian.com.au/business/legal-affairs
Click to expand...
 
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"Justice Jackson, then a QC, was a director of Equititrust from July 28, 2011, to October 17, 2011, three days before Australian Federal Police raided the company’s offices at Chevron Island, taking with them computers, boxes of documents and other records. The AFP raided Mr McIvor’s house at the same time."
Judge called for questioning over $260m failure
ANTHONY KLAN
The Australian
31 January 2017




http://www.theaustralian.com.au/business/legal-affairs
 


Why get involved in Equititrust ??? I'm sure the answer will be "Oh to help out"... Equititrust was a dying dog and most if not all on the board knew what McIvor was up to for years...

I find this section of Anthony Klan's article the most interesting...

"Justice Jackson, then a QC, was a director of Equititrust from July 28, 2011, to October 17, 2011, three days before Australian Federal Police raided the company’s offices at Chevron Island, taking with them computers, boxes of documents and other records. The AFP raided Mr McIvor’s house at the same time."

Judge called for questioning over $260m failure
ANTHONY KLAN
The Australian
31 January 2017

3 Days before the Australian Federal Police Raids... Question is are "Jacko" (as McIvor referred to him) and "Marky Boy" still mates...

In any event, some previous directors have gone on to higher echelons, others have been publicly disgraced but the fact still remains innocent elderly retirees were financially raped by Equititrust as were many other people who ever dealt with McIvor and Equititrust.

Its time for these people to answer questions before a judge...
 
Sorry "Jacko" it is what it is... Just buy every copy of "The Australian" within cooee of the Supreme Court
 
"Hey "Jacko" considering the amount of time I've spent in the Supreme Court, do ya think you could throw a dog a bone and get me a job. Your associate would be great... Cheers Mark
 
SICK NOTE

Dear Justice Andrew Greenwood Federal Court, regarding my impending subpoena for Public Examination regarding the Bank of Scotland Debt; whichever day that falls on I will be sick.
Consider this my sick note.

Kind regards

Marky "boy" McIvor

PS. I didn't do it.

 
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Just like my valiant efforts in appealing my ASIC life ban (not), the picture below sums up my strategy going forward... All the best Mark

 
OK Strange Animals 19 to be exact, can you all please STFU at the Public Examinations. Would help me a lot. Thanks Mark

PS. Can someone pull that knife out of my back, not a good look in the Federal Court.
 
Hey Stacey, Honey Bunny, remember spousal privilege at the Public Examination... Love you Mark xxx

(In 2011, the High Court of Australia determined by a majority that there was no recognition of a right of spousal privilege at common law in Australia. In Australian Crime and Corruption Commission v Stoddart)

"Sh#t"

 
Equititrust Unit Holders take note
In all seriousness this turn of events apart from the above levity needs to be closely followed by all unitholders as the article in Today's Australian exemplifies:

"The new proceedings come more than a year after Mr McIvor was permanently banned from providing any financial services and over two years after he received a criminal penalty of $10,000 for failing to co-operate with liquidators of three of his private companies, suggesting regulators are considering new action."

Judge called for questioning over $260m failure
ANTHONY KLAN
The Australian
31 January 2017

This Public Examination may have material effect on the current action before the Federal Court and its quantum of recovery as well as open another front where monies may be recovered by the liquidator.

Many have suffered and some have paid the ultimate price, however I intend to keep on fighting for justice and for the exposure of all parties connected to this disaster...

Many who were deeply involved in the catastrophic loss of innocent retiree funds are now being called to account and will be put into a witness box in the Federal Court under a summons and asked pertinent questions under oath. Far be it for me to preempt what will occur, but what makes this country great is the fact that a sitting Supreme Court Judge will be summoned to appear and be publicly examined just like anyone else who was a director / officeholder of Equititrust.


 
INDEPENDENCE OF DIRECTORS
Note the retraction and clarification in the below disclosure regarding independence... If not for this forum and the pressure put to bear from the media, Equititrust and McIvor would have gotten away this and much more... "All parties" should have been declared as being service providers to both Equititrust and McIvor personally...

Self management of Conflicts of Interest is an "interesting concept" that all directors on the board at the time of this announcement should have taken into consideration given that hundreds of millions of dollars of innocent retiree investor's money was at stake.

The liquidators should look at this aspect and in light of the disclosure statement below ask did any of the sitting directors mentioned provide legal services to Equititrust and or McIvor on a personal basis at any time prior to their appointment to the board.

Having a duty to the company and another personal one to the sole shareholder whilst the company is the custodian for innocent retiree investors who have invested hundreds of millions raises some interesting questions which I'm sure will be explored by the legal counsel representing the liquidator.

http://www.equititrust.com.au/Pdfs/Disclosures/EIF_Custodian_and_Directors_01_Aug_2011.pdf
 
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The core issue is what benefit did the retiree investors / unit holders get from the Bank of Scotland Debt? Further, stacking the board with mates / personal legal service providers raises the question of conflict of interest.

I'm sorry you just cant wear that many hats, one day representing McIvor personally, another day Equititrust as a Corporation then take a seat on the board... No public company in Australia would allow this... Even the perception of a conflict of interest is not acceptable...

The liquidator needs to delve into this aspect.
 
examinations scheduled as below. Those in Sydney should be able to attend

Court Events and Orders

Date Time
15-Mar-2017 10:00 Examination NSW Registrar Court Room Not Assigned
14-Mar-2017 10:00 Examination NSW Registrar Court Room Not Assigned
08-Mar-2017 10:00 Examination NSW Registrar Court Room Not Assigned
 
Many have been waiting for this day for a longtime...

 
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