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Equititrust?

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Me thinks the Media might make an appearance at the Premier of 50 Shades of Grey: Accounting on the 26th of May 2017... Just looks like a flick that's going to be too good to miss...............
 
Tuckerloan Pty Ltd WTF

(c) Any other documents (including emails from Kennedy, transfer instructions, remittance advices or deposit records) which evidence or record the source of funds to enable Kennedy to pay from the said account to Balmain Trust the sum of $1,333,333.00 on 11 July 2012.

(e) Any other documents (including emails from David Tucker, transfer instructions, remittance advices or deposit record) which evidence or record the source of funds to enable Tuckerloan Pty Ltd to pay from the Tuckerloan Account on 11 July 2012 the sum of $666,667.00 to the Balmain Trust account.

https://www.comcourts.gov.au/file/Federal/P/QUD944/2016/3777218/event/28864728/document/928762
 
Boom......................................... I guess we know who that was now.....


https://www.comcourts.gov.au/file/Federal/P/QUD944/2016/3777218/event/28864728/document/928762

THE COURT ORDERS THAT:
1. Pursuant to subsection 597(9) of the Act, Balmain NM Commercial Mortgages Limited CAN 074 619 980 is directed to produce at the examinations of Shane Beecroft, on 14 March 2017, the following books in their possession relating to the Company or its examinable affairs:-

(a) The trust account ledger or statement recording the receipt on or about 11 July, 2012 of the following sums into Commonwealth Bank Accont number 062 000 200012075495, styled “Balmain Trust”:- (i) $666,667.00; and (ii) $1,333,333.00;

(b) The trust account ledger or statement recording the name or names of the persons who deposited such sums, their address and the bank accounts from which such sum were deposited and all and any other information identifying the persons who deposited those sums; and

-------------------------------------------------------------------------------------------------------------------
(c) Any other documents (including emails from Kennedy, transfer instructions, remittance advices or deposit records) which evidence or record the source of funds to enable Kennedy to pay from the said account to Balmain Trust the sum of $1,333,333.00 on 11 July 2012.

(e) Any other documents (including emails from David Tucker, transfer instructions, remittance advices or deposit record) which evidence or record the source of funds to enable Tuckerloan Pty Ltd to pay from the Tuckerloan Account on 11 July 2012 the sum of $666,667.00 to the Balmain Trust account.
 
Looks like the two Davo's Tucker and Kennedy tried their best to conceal their identities when the payments were made to Balmain... The liquidator had to go to great lengths to subpoena the records of Balmain to identify Tucker and Kennedy...

Hey Tucker, Kennedy how does it feel to be in the spotlight ??? Its taken a while but it good to shine a light on your activities by way of legitimate legal process... You know that process you used for so many years to wreak misery on others...

Karma's a bitch guys...
 
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"MFI-3" looks interesting...


https://www.comcourts.gov.au/file/Federal/P/QUD944/2016/3777218/event/28834028/document/912437

THE COURT DIRECTS THAT:
1. If MS Asia Debt Acquisition Limited, Hong Kong company registration number 1767181 (“MS Asia”) wishes to object to production of the documents produced to the Court on 22 February, 2017 and marked for identification as “MFI-3”:- (a) it shall do so by 4.00 pm on Friday 10 March 2017; (b) it shall make such objection by filing and sending to the applicants’ solicitors, Russells, by email to SRussell@RussellsLaw.com.au and/or by post to GPO Box 1402 Brisbane, Qld, 4001, an Objection Letter and Objection Schedule in accordance with paragraph 7.5 of General Practice Note GPN-SUBP – Subpoenas and Notices to Produce made on 25 October 2016. 2. Provided that the Examinees, MICHAEL RICHARD PELDAN and CHRISTOPHER RICHARD COOK file and serve the affidavit as to compliance referred to in subparagraph 3(b) hereof, then unless, by 4.00 pm on Friday 10 March 2017, MS Asia makes an objection in accordance with subparagraph 1(b) hereof, the applicants’ solicitors may thereafter uplift and take copies of the documents marked “MFI-3”, in accordance with paragraph 5 of the order of Greenwood J made on 20 January 2017.
- 2 -
Prepared in the Queensland District Registry, Federal Court of Australia Level 6, Harry Gibbs Commonwealth Law Courts, 119 North Quay, Telephone 07 3248 1100
3. The Examinees, MICHAEL RICHARD PELDAN and CHRISTOPHER RICHARD COOK shall:- (a) by 24 February 2017, give notice in writing to MS Asia that:- (i) they have produced to the Court the documents marked for identification as “MFI-3”, identifying such documents with sufficient particularity to enable MS Asia determine whether it objects to their production on the ground of privilege; and (ii) the Court has made the directions in paragraphs 1 and 2 hereof; (b) by 1 March 2017, file and serve on the applicants an affidavit as to compliance with the direction made in subparagraph 3(a) hereof (without exhibiting the written notice). 4. Any objection made pursuant to paragraph 1 hereof shall be listed for hearing on a date to be fixed by the Court.
Date that entry is stamped: 22 February 2017
 
Worrells the firm with no Morals
It's mind numbing that an insolvency firm is now being publically examined in regard to this scandal...

This cozy relationship has gone on for far too long...

“While balance sheets can be viewed in black and white, shades of grey are found and evaluated in every instance.”

Sure they are mate, except when it comes to your fellow pilferer Tucker and Kennedy...

http://worrells.net.au/staff/profiles/B53539FE-ABC6-42C7-A02A-A0B3D3A7C571.pdf

https://www.comcourts.gov.au/file/Federal/P/QUD944/2016/3777218/event/28909691/document/948861
 
Tucker and his go to "grave robbers" Worrells have been exposed for what they are...
IMMORAL moneygrubbers who favoured their own interests over that of elderly retiree Australian investors...
 
I wouldn't want to be Tuckers or Kennedy's bankers given what's unravelling... This looks like being a monumental controversy with huge financial implications... Wouldn't be surprised that orders for the preservation of assets via mareva injunctions aren't far away...
 
Tucker received millions of dollars in legal fees from Equititrust, Kennedy was paid to be CEO, yet this wasn't enough for these two...
 
Be careful what you wish for...

ut Equititrust's woes deepened further yesterday when former board member David Tucker filed a Queensland Supreme Court application to appoint insolvency expert David Clout to oversee the liquidation of the fund.

Mr Tucker alleges that Equititrust founder and sole owner Mark McIvor wants to strike partnership deals and make property investments rather than see the fund's assets sold off so money can be returned to 1760 mostly senior investors.

"He will seek to undertake whatever he thinks necessary to return value to his wholly lost subordinated investment to the detriment of investors," Mr Tucker wrote in a 44-page affidavit.

"McIvor is not a fit and proper person to conduct, or in any way be involved in, let alone be in control of, the winding up of the Equititrust Income Fund ... He does not appreciate his statutory duties or what is in the best interest of investors. Nor is he committed to a proper and orderly winding up of the funds."

Mr Tucker alleges that the fund should investigate legal action against former directors, including Mr McIvor, over the making and oversight of prior loans which have gone bad. His statement says such a probe, as well as dealing with a potential class action against the fund, will not occur while Mr McIvor is in control.

Mr Tucker is a Brisbane lawyer who was kicked off the board last week by Mr McIvor following changes to the company constitution.


Former chief executive David Kennedy, who also resigned last week along with most of the board and several key senior employees, has filed an affidavit backing up Mr Tucker's case, which will be heard next Thursday.

Mr Kennedy's sworn statement alleges Mr McIvor will "endeavour to spend monies recovered on trying to develop properties to restore his lost investment".

Ex directors John Goddard and Craig Treasure have also submitted sworn statements supporting Mr Tucker's case.


http://www.couriermail.com.au/busin...fa6459fcb?sv=81420135f64919e9522784c49cbd3ed6
 
What's interesting from the above is that both Tucker and Kennedy were pointing the finger as to accountability and raising concerns about money being returned to investors... What most didn't realise was the fact that when Tucker and Kennedy were pointing the finger three fingers were pointing back at them...

Now Tucker's wish has come true and the fund is, investigating legal action against former directors namely himself and Kennedy.... The irony is mind bending...
 
OF COURSE HE DID...

Former chief executive David Kennedy, who also resigned last week along with most of the board and several key senior employees, has filed an affidavit backing up Mr Tucker's case.
 
What's of interest is how did these to miscreant's end up buying the BOSI debt ? It didn't just fall in their laps.
 
With the receiver now asking Mr 50 Shades of Grey Accounting to produce a variety of documents in regard to his interaction with Tucker and Kennedy the key question that the liquidator has asked is what is the source of funds from which Tucker and Kennedy paid into Balmain ???

I'm sure this will be interesting... any chance of coughing up the answer before the public examination guys or will this be too painful and you're putting it off for as long as you can...
 
Anyone Else involved

Question I think the liquidator and everyone else wants answered is, was anyone else involved in any way and was all the money paid into Balmain from Tucker and Kennedy theirs and their's alone ???
 
Kennedy, in the good old days when he was CEO of Equititrust used to come on this thread and try and fight the internet exposing his crap and lies. Being McIvor's sychophantic corporate b#tch he failed. This thread exposed them all and predicted the demise of Equititrust.

Nowadays good old Kennedy and his accomplice Tucker seem to be strangely quiet...

What's up guy's the liquidator got your tongue ???
 
As many of you may have gathered, there's more to this story than what's been revealed so far... The liquidator's lawyers are slowly applying the proverbial legal vice to messer's Tucker and Kennedy's wedding tackle... Meanwhile 50 Shades of Grey Accounting proponent Peldan is about to get the "legal" 50 Shades of Grey treatment in the witness box next month...
 
I have just been reliably informed that two other authorities are now investigating this matter...
 
When all is revealed it will be understandable why the court files and advice from two senior counsel acting for the liquidator were sealed by the honourable Justice Greenwood...

There is explosive stuff there...
 
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