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Equititrust?

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Good old Russell McCart was the one who tipped Tucker and Cowen into the Sh#t by telling Paul Vincent (from Vincent's chartered accountants) about Tucker and Kennedy's deal with the devil...




 
Tucker targeted the Meridien boys personal homes and boy are they teaching Tucker and Cowen a lesson now...
 
There's also no love lost between Paul Vincent and Tucker... This court case it appears, is the culmination a decades long quest for Paul Vincent and Stephen Russell to finally expose Tucker and Cowen and boy have they done a MAGNIFICENT job... Bravo lads, bravo...
 
So the Application for Security Costs by Tucker and Cowen to be heard tomorrow has been abandoned... It appears that Stephen Russell has trounced Tucker and Cowen again... (sound of deflating balloon)



No Trust said:
Stephen Russell has offered another $546,000 in Security Costs to Tucker and Cowen to avoid another costly Court Application for Costs on 30 September 2021... Dumb and Dumber want $695,700...
Click to expand...
 
Given that Tucker and Cowen have no witnesses to date, the offer from Stephen Russell of $546,000 in Security Costs to be paid in cash prior to trial, was more than generous...
 
If Tucker and Cowen did venture to court tomorrow to seek the full amount of security costs they were demanding, they would have been clobbered by any reasonable judge, especially given the fact that they "have not listed any witnesses" in their defence...
 
It's great to see the media interest ramp up as the trial approaches...
The public exposure will be relentless...
JUSTICE IS COMING...
 
The circumstances surrounding the sale of the ROSEA Debt which was connected to Jim Raptis, will become increasingly relevant as we come closer to trial... The debt was effectively sold by the EIF receiver David Whyte to Tucker and Kennedy via the EPF for just over $700,000 yet the collections on that debt assignment would subsequently amount to $2,211,955.99 as detailed in the liquidators Supreme Court claim against Tucker and his entities.

So in summary, approximately a $1,511,995.99 windfall for interests connected to Tucker and Kennedy and an equivalent approximate loss of
$1,511,995.99 to the investors of the EIF...

The Liquidators senior counsel had every right to question the commercial justification for agreeing that the EPF controlled by Tucker and Kennedy would purchase the Rosea Debt for $700,000...

Was this sale to Tucker and Kennedy by the EIF ever approved by the court ???

Many serious questions need answering, as the investors of the Equititrust Income Fund have been left in the dark as to these transactions. They certainly have not been given full disclosure in the updates posted on the Equititrust Website...

 
Of note, in the public examinations in 2017 Tucker under examination by senior Counsel, acknowledged that both he and Michael Peldan were personal friends who had know each other for decades...
 
Under any impartial review by truly independent third parties, its clear that this transaction would fail the test of being arms length...
 
Here are the amounts that landed in Tucker and Cowen’s Trust Account as documented by Stephen Russell in the Supreme Court Claim…
Note the collective payments received from the Rosea Debt… ?‍

 
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