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Equititrust?

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As the old saying goes “you lay with dogs, you wake up with fleas’...

In this case it seems the fleas are very very litigious....
 
This is what happens when lawyers stick their d#cks into their client’s business... This was a dirty grubby business under McIvor in the first place, it just got filthier when Tucker and Cowan Lawyers went in for a financial rape and pillage of investors of the EPF...

Now look where they are... A Hong Kong shelter couldn’t hide the deal they made with the devil...
Tucker’s openly flowing cake hole and wifey’s boasting on social media didn’t help either...
 
Remember when Tucker opened his cake hole a bit too much to a Mr Hayes, who he treated like Sh#t whilst taking his home...

Well it seems “Davey Boy” the liquidators and Stephen Russell are about to wring as much as they can out of you now... But legally and transparently before the courts for the world to see...

No Trust said:
Equititrust: pair bought finance group’s loan book for $2m ‘to make $26m’

"The former chief executive and the company lawyer of the Gold Coast’s failed $250 million Equititrust finance group bought key fund assets for $2m when they were worth 10 times that amount, a public examination in Sydney has heard."

"Former Equititrust CEO David Kennedy and Brisbane lawyer David Tucker of Tucker & Cowen Solicitors allegedly bought the outstanding “loan book” of Equititrust for $2m, later allegedly claiming they expected to make a “$26m return” on the deal."

"Mr Hayes said he had been contacted by Mr Kennedy and Mr Tucker, who were enforcing outstanding debts, and made to leave his $2m home on Sydney’s northern beaches. He said Mr Tucker, who had flown from Brisbane to Sydney to check the home had been left in an appropriate condition for sale, said he and Mr Kennedy had bought the Equititrust Income Fund loan book and were “looking to wring as much from it as we can”."

“It was galling for me that he would come down and act like a smart arse when he was taking my house from me,” he said.

http://www.theaustralian.com.au/bus...m/news-story/b1a0d0d03d1c14d5ab15bd624016713d
Click to expand...
 
It appears that the boys at Tucker and Cowan contracted a serious FTD Financially Transmitted Disease... The Liquidators seem to have a cure, very painful and embarrassing but a cure nonetheless...


No Trust said:
This is what happens when lawyers stick their d#cks into their client’s business... This was a dirty grubby business under McIvor in the first place, it just got filthier when Tucker and Cowan Lawyers went in for a financial rape and pillage of investors of the EPF...

Now look where they are... A Hong Kong shelter couldn’t hide the deal they made with the devil...
Tucker’s openly flowing cake hole and wifey’s boasting on social media didn’t help either...
Click to expand...
 
What I find amusing about the Tucker and Cowan train wreck is that the lawyers are now spending more time in court defending themselves against allegations of malfeasance than representing clients... What an utterly disgraceful debacle and one the Queensland Legal Services Commission needs to take a closer look at...
 
Tucker may being seeking security for costs, which the liquidator will meet, but my bet is that the Liquidators will be seeking Mareva injunctions against Tuckers Assets and the assets of the other defendants. Given Tuckers penchant for overseas trips as splashed on his wife’s Instagram Account me thinks his wings may soon be clipped...



D8AC3779-CF88-4308-959E-04D784FECEAA.jpeg
 
Given the public examinations, it may seem difficult for Mr Davey to extricate himself from the abyss of the Liquidators litigation, as for the other two, time will tell. If they had no involvement all I can say is what a poor choice of law firm to hang ones shingle...

No Trust said:
Holy SH#T

Partners of TUCKER AND COWARD having second thoughts about their commercial choice in the firm they got involved in... YIKES this is unprecedented...
How on earth will this firm get professional indemnity insurance this year ???
View attachment 91263
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The fact that the partners of the firm are being sued in their personal capacity is very relevant. Of course they may have asset protection in place via trusts and personal homes in wive’s names etc. But as David Tucker has foreshadowed, declaring bankruptcy in the event of an adverse judgement may have other ramifications, especially in terms of practicing law...

http://www.qls.com.au/For_the_profe.../Professional_responsibility/Show_cause_event
 
Given what’s transpired, its gbbsmacking that David Whyte from BDO gave Tucker legal work in relation to Equititrust... WTF ??? How could this have happened ???
 
Meanwhile in Hong Kong David Kennedy avoids service... Me thinks the liquidator will serve him soon... How the rats are running for cover...
 
Tucker has employed DLA PIPER to defend him in the litigation instigated by the liquidator Hall Chadwick.

I predict, that they will eventually walk away from the action...
 
Question now remains will Kennedy come back to Australia to face the music...
 
WANTED BY THE LIQUIDATOR OF EQUITITRUST - POSSIBLY IN HONG KONG OR DAVID TUCKERS BACKYARD SHED...

ACAE0249-7058-4A79-9C3D-7E02E8BCCE5B.jpeg
 
Put the champers down and face the Supreme Court...

There’s a good vintage waiting for you called “Dom EPF”



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The Supreme Court is about to be flooded with a flurry of affidavits over the next few weeks... Tucker is about to feel the full onslaught of the Liquidators litigation as it starts to unravel his life piece by piece...

It’s what lies beneath the surface that will give Tucker and Cowan partners sleepless nights...

Is there a secret witness who has provided an information dump similar to Mossack Fonseca... ???

Tucker and Partners will have a few unpleasant surprises coming their way in the Supreme Court over the next month...

Boys be careful swearing affidavits...
 
In terms of work, it seems Tucker and Cowan are going to be flat out defending themselves before the Supreme Court. This must look pretty bad to their clients, thinking WTF is happening here...
 
It’s times like these that McIvor realised that banks don’t like litigation / class actions etc and start to get edgy... The media coverage makes banks nervous and they tend to pull the chord and start to ask for their money back. Given the current climate, those involved in this mess will soon if they haven’t already start to get interesting communications from their respective lenders asking for repayment of loans and or extra security.

If the security is at risk due to the litigation, then a whole different level of dynamics start to apply. Throw in the chief protaganist’s threat to declare bankruptcy before a court and we then have a perfect storm ⛈...
 
All of this seemed like a bad dream to the Tucker and Cowan boys. Until the liquidator actually started proceedings to recover approximately $20M with interest... It’s now a reality and the liquidator has thrown a cat amongst the pigeons. Word has it that some of the partners are beyond pissed off that they have been caught up in this web of deceit and now have to try and extricate themselves from the mire of litigation.
 
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