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The liquidators are using the Equititrust liquidation as their own fee generating vehicle... Having squandered the $2M+ refund received from the taxation office, they now rely on fees from a litigation funder. Eg Tucker Litigation

Tucker deserves to have his ass sued off him but if it’s not going to result in a return to investors, then what’s the purpose other than to feed the liquidators fees... It’s time for them to front up to investors and give an update on whether any money will flow to them as a result of the litigation against Tucker...

I don't think you can hold up the liquidators as the highest paragons of virtue and ability.....but that said, the system is broken.

Once litigation funding is involved there is no real drive to settle until all funds have been exhausted. The only thing that exhausts the funds is the litigation itself. I am sure that someone can come up with an example of where litigation funded recovery generated a meaningful return to creditors - - - but it is exceptional.
 
Happy 10th Anniversary to this thread and its contributors. Due credit has to be paid to Kostag who started the thread on this day 10 years ago and exposed Equititrust for the cesspit that it is... Its been an honour to continue the thread and expose all the miscreants involved... To date, total thread views 842,898 The tenacity of the thread contributors is well documented and will not cease until the main culprits are brought to Justice...

JUSTICE IS COMING...


I'm an Equititrust investor - historically, all has been good - bit I am hearing some disquieting developements - such as ex MFS execs David Kennedy and David Anderson (OMG!) now in charge - same auditors as MFS used - same business model - and even Royal Bank of Scotland loans outstanding/overdue. There was a press write up about a loan to Al Konstaninidis going bad etc - and a legal fight which involved Equititrust and David Kennedy. David Anderson's recent Court performance re MFS matters was less than flattering and one would need to question whether he ought be in charge of another Public fund. Anyone got any news on this? I saw on an ASIC search that long standing Director Wayne McIvor has resigned from Equititrust as well.... often a sign that things are not good.
 
Tucker, Kennedy and Tucker and Cowan Solicitors also knew what they did to Equititrust Investors was wrong... Yet they took the money and ran...

All officers of the Supreme Court of Queensland and now playing dumb as to their fiduciary duties and obligations to maintain trust monies for those it was intended for...

2020 ain’t going to be pretty for this lot...

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THE SMOKING GUN

Extensive ongoing forensic investigation has in the last month uncovered prima facie evidence that Equititrust, it’s directors and certain employees, by way of its lawyers, “intentionally“, fraudulently misled 2 Queensland courts. One state and one federal..

The material, on advice from the Queensland Department of Justice and Arrorney-General, the Queensland Law Society, Queensland Legal Services Commission and the Registrar’s of both courts is to be referred by way of formal complaint to each party.

The actions of the above mentioned parties, revealed in the freshly uncovered material were so egregious that regulators have been left gobsmacked...

Like all crimes it’s convenient that the bodies remains buried. Unfortunately Equititrust went belly up and the maps to where the bodies were buried alive and doused in hydrated lime found their way into the hands of people that the culprits thought were well and truly dead and buried... Alas to their chagrin the ghosts of past are back to haunt them...
 
The article describes McIvor referring to himself as “LORD HUNTINGTON”... Running a cafe as a front for an investment club... Constantly accompanied by a Buddhist monk who sits in a corner of the cafe... Seriously what the F#CK...

It seems McIvor has gone for the shrivelled prune, vagrant look nowadays... Given the scabby face a good facial would be in order... Let’s not even start on the teeth... OMG

I guess that’s what happens when a “Financial Vampire” is exposed to the light...

P.S. You’re Welcome Marky Boy...

JUSTICE IS COMING...

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McIvor may think that today’s front page headlines are ‘rock bottom”, he has no idea...

Hint: As mentioned in the article by the journalist, the fact that ASIC is not commenting, is due to the fact that they don’t comment on active investigations...
Prior to this going to press formal complaints about McIvor have already been made to ASIC.
McIvor didn’t realise he was constantly being surveilled in the lead up to this story... That surveillance has not ceased...

As to living in the restaurant premises the Body Corporate was tipped off...

P.S. You’re welcome...

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As to the living in the restaurant business, this all starts to make sense now given the details of his previous eviction, even the origin of the name of his former scam business Strongman Financier is evident... With his “musical partner” Patric John Creamer also being known as Colonel Strongman... Seriously you can’t make this sh#t up...

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This article serves as good notice to landlords to steer clear of McIvor and his roaming band of loitering squatters...

Don’t say you weren’t warned about being exposed Marky Boy... We’re not done with you yet...

Justice is Coming...
 
The Gold Coast Bulletin’s Headline is clearly a play on words...

The M is purposely interchangeable...

I’M
JUST
THE
M AD
MAN

Well played Gold Coast Bulletin, well played... PMSL...

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SO THIS GUY !!!... HOSTED THIS “ ANTI ICE” EVENT”... AT HIS DODGY SHOP FRONT that he was just evicted from... THE LANDLORD WAS TOLD PEOPLE WERE LIVING IN THE PREMISES...
Ahhhhhhh WTF... No one could script this Sh#t up... JOINING THE DOTS BECOMES EASIER NOW... THANK YOU FOR JOINING THE DOTS GOLD COAST BULLETIN...

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McIvor, having been banned for life, is clearly breaking the law and taking funds from gullible unsophisticated investors... The reason given by ASIC in banning him for life was to protect the public.. This has obviously been a fail of monumental proportions...

McIvor needs to be prosecuted by ASIC and put behind bars as a deterrent to others...

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McIvor, aka “Lord Huntington” claims to represent 1620 Equititrust investors... What a load of rubbish... He does not represent any investor... This greed driven, criminally convicted narcissist only represents his own self interest. Always has and always will... Just ask his mother, brother, and ex wife all casualties of McIvor...
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https://www.goldcoastbulletin.com.a...p/news-story/45bb9aef663485d1fe60f9fad76ef0e6
 
Give “Lord Huntington” money... OMG seriously.... Just look at what the cretin did to his poor mother...

ASIC needs to lock up Lord Huntington before he rips off anyone else... He is clearly behind the whole scam... Even his mate Billy James SMFH drooped him into the Sh#t and said McIvor was behind the scam...

Maybe he can do his seminars in prison...

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https://www.couriermail.com.au/busi...s/news-story/de0a113b8e6c35550bd4f50aa6980a3d
 

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McIvor saying he was worth $150 Million Dollars is another deluded fantasy from a clearly unhinged mind. McIvor took investors money, borrowed from the banks and claimed it as his own... No balance sheet or personal asset statement will ever be able to demonstrate he had net assets of $150M. This was a shyster playing a shell game with other peoples money... Now he claims to be “Lord Huntington” for f#cks sake... The Bulletin Article exemplified this is now straight jacket territory....
 
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