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Equititrust?

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No Trust said:
No doubt..
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Just a couple of questions from an EIF investor.
First, are the proceedings set down for the 18th March 2019 concerning the McIvors, Steer and KPMG still going to take place ?
Second, do we know the amount in dollar terms that Hall Chadwick plan to claim against this bunch ?
 
meridian said:
Just a couple of questions from an EIF investor.
First, are the proceedings set down for the 18th March 2019 concerning the McIvors, Steer and KPMG still going to take place ?
Second, do we know the amount in dollar terms that Hall Chadwick plan to claim against this bunch ?
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Is that what you are saying - another postponement to 18th March? Why? What is going on this time? They really are hoping we are all going to be dead before anything comes of all this. We really are being treated constantly like mushrooms!
 
Last update, unless there has been a settlement...

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I believe the claim is for the full amount of the insurance policy $100 Million
 
The claim is on Equititrust’s insurance which was made by Amanda Banton just prior to Equititrust collapsing whilst she was still with Piper Alderman.

meridian said:
Who's insurance are you talking about, KPMG or...?
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In terms of KPMG, I’m not certain whether a claim has been made on their insurance, however I’m sure Steer who has since departed KPMG would have claimed on any insurance he could.

The claims against McIvor’s and Steer are serious...
 
No Trust said:
In terms of KPMG, I’m not certain whether a claim has been made on their insurance, however I’m sure Steer who has since departed KPMG would have claimed on any insurance he could.

The claims against McIvor’s and Steer are serious...
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Just my opinion.
What has happened to Equititrust investors is criminal.
Any insurance policy held may become void because of criminal conduct.
We all know what insurance companies are like.
Amanda Banton may have made a claim before all of this became clear.
If all Iam saying is true, and Im not a lawyer so I could be wrong.
The only claim may be against KPMG, not their insurance.
Im keen to hear your opinion.
 
Hi Meridian

The claims are solid as the policy covers directors / office holders misconduct.

In addition the liquidators are funded by a litigation funder which has already lodged upwards of $500,000 to $700,000 approx into court as security for costs per defendant.

In addition serious amounts have been spent on bringing the action to this stage. This would not have been done if there was not solid evidence of success in the matter as well as QC level advice given to the funder. Usually they get up to 3 seperate QC opinions.

In terms of criminality, I agree with you and I believe that charges will be laid against McIvor and others following the court case.







meridian said:
Just my opinion.
What has happened to Equititrust investors is criminal.
Any insurance policy held may become void because of criminal conduct.
We all know what insurance companies are like.
Amanda Banton may have made a claim before all of this became clear.
If all Iam saying is true, and Im not a lawyer so I could be wrong.
The only claim may be against KPMG, not their insurance.
Im keen to hear your opinion.
Click to expand...
 
No Trust said:
Hi Meridian

The claims are solid as the policy covers directors / office holders misconduct.

In addition the liquidators are funded by a litigation funder which has already lodged upwards of $500,000 to $700,000 approx into court as security for costs per defendant.

In addition serious amounts have been spent on bringing the action to this stage. This would not have been done if there was not solid evidence of success in the matter as well as QC level advice given to the funder. Usually they get up to 3 seperate QC opinions.

In terms of criminality, I agree with you and I believe that charges will be laid against McIvor and others following the court case.
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Thanks No Trust.
 
I still see AlphaFX has posted nothing on this thread...

Maybe Premature Conjecture...


AlphaFX said:
Would seem to moi, this blog has gone soft **** since Tucker **** Valentines Day, Date....
I know more, much more re Tucker ****er....
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Hello "No Trust"...

You are clearly a champion, human being,,,

I will transmit my knowledge of Tucker's destructive behaviour for 30+ years, through another comms medium...

Take Care All...

Best...
 
Thanks for that...

Breaks ups can be hard, I’m sure...

You be strong now...



AlphaFX said:
Hello "No Trust"...

You are clearly a champion, human being,,,

I will transmit my knowledge of Tucker's destructive behaviour for 30+ years, through another comms medium...

Take Care All...

Best...
Click to expand...
 
This hasn’t aged well has it... Independent was a term thrown around like an abused spouse.

Now before the Federal Court in a $100M piece of litigation... Yet of interest KPMG does audit and consultancy work for ASIC... Hold the laughter...
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A lot of unlawful conduct mentioned above between McIvor, Steer and KPMG. Misleading the public and investors. The collusion in deceit was palpable.

Yet more deceit regarding McIvor is being unearthed to this day. McIvor employed of a few flying monkeys to do his dirty work, yet his finger prints are all over the fraud. Luckily there isn’t a Statute of Limitations on crime..
 
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