No Trust
JUSTICE IS COMING...
- Joined
- 22 November 2010
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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”."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
Given my belief in Karma and that justice is meted out by the universe, this is not going to end well for Tucker & Cowan...
Now that Justice Bowskill has had enough of the b#llshit and is pushing the case to trial, this will only snowball from here as the public and media get a grasp of the facts and what is alleged to have been undertaken by officers of the court...
We always knew it wasn't going to end well for the investors, but agree with "No Trust" that what goes around comes around. KARMA!
Do we have an actual name of the genius who signed off and allowed all this to happen?
Who actually authorised this sale and at what point or is all that still to come out? Did Mozzi miss something?
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