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Equititrust?

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Tucker, Kennedy and Worrells were concerned about their own enrichment however zero concern was given to the investors in the premium fund... Pirates would have behaved better...
 
So who will be representing Worrells at the Public Examinations ??? Tucker ???
 
This whole saga between Tucker, Kennedy and Worrells has been a disgusting display of greed enveloped in Conflict of Interest... Something Tucker's well and truly accustomed to... It was only a matter of time he "offed himself" in this manner exposing his consistent and protracted modus operandi... My oh my how the tables have turned...
 
Seeing David Tucker in the witness box trying to explain his concern for the welfare of the innocent elderly investors will be beautiful... Think the national media may be interested in this one...
 
Looks like more information is leaking from the dens of ill repute... Some staff obviously not loyal to the concept ripping off elderly Australians...
 
We also thank you for your comments and updates "No Trust", otherwise we would be treated like the proverbial mushrooms.
 
Hey Mozzi, no probs at all... Tucker, Kennedy, McIvor all thought they'd fly under the radar. This thread has exposed them...
 
Worrells are in sh#t up to their eyeballs... That's what you get for mixing with nefarious characters...
 
So Peldan, going before the executioner on Friday was McIvor's trustee in bankruptcy and he didn't see a conflict of interest in acting as receiver for Tucker who bankrupted McIvor was a director of Equititrust, and oh the company lawyer acting with the former CEO to deprive the investors of the premium fund their investment. This is a f#cking disgrace as far as the investors are concerned. As far as McIvor is concerned this is hilarious... He did the same thing in dealing with borrowers / investors... Peldan is joke as is Worrells for getting involved in this scam.
 
One more sleep before tomorrows fireworks... Not sure if Peldan , Tucker and Kennedy are getting any sleep...
 
Note to liquidator's counsel : Was anyone else or any other entity or investor of the EPF a party to the Tucker / Kennedy deal ?
 
Wakey Wakey Peldan, Tucker Kennedy... Today's the day that changes everything...
 
But 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.

http://www.couriermail.com.au/busin...fa6459fcb?sv=81420135f64919e9522784c49cbd3ed6
 
Looks like Tucker's wish was granted... He's being thoroughly investigated... By more parties than he even knows... Silly Silly boy...
 
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