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Equititrust?

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$1,561,405.99 in 5 months flowed through tucker and Cowen's Trust Account as a result of the purchase of the Rosea Debt for a bargain sum of $700,000 ??? Remember the total recoveries were $2,211,955.99...

Who determined that $700,000 was fair value ? Peldan the receiver of the EPF said he did... (Refer to transcript below) So that decision "as a receiver" was made in conjunction with the receiver of the EPF David Whyte.

Now lets dig back at the relevant relationships of all the parties. This is not speculation this is fact which has been tested in the Federal Court.

Michael Peldan - Personal friend of David Tucker ? - YES

David Whyte - Personal friend of David Tucker ? - YES

David Tucker - Acting as Solicitor for Michael Peldan EPF ? - YES

David Tucker - Acting as Solicitor for David Whyte EIF ? - YES

David Tucker - Acting as Solicitor for MS Asia ? - YES

David Tucker - Acting as Solicitor for David Kennedy - YES

The actual, let alone the perceived conflict of interest between these three is beyond the pale and if it were not for the millions of dollars being spent on the current litigation by the liquidators, none of these deals would have come to the knowledge of the investors of the EIF and EPF...




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In effect Tucker was acting for everyone whilst his interest in MS ASIA was being concealed in offshore shareholdings located in tax haven jurisdictions... Now that seems above board doesn't it...
 
136 DAYS TILL TUCKER’S TRIAL…
???

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If no one else will raise questions about this transaction, then the media will... In response to a brief provided yesterday, several savvy media types (of the investigative variety), were left gobsmacked at the glaringly obvious conflicts of interest at play... There needs to be a form of ICAC for the Insolvency Profession, as it appears many don't give a flying f#ck about conflict of interest and acting in the interests of investors and creditors...
ASIC needs to step in and investigate this...

No Trust said:
$1,561,405.99 in 5 months flowed through tucker and Cowen's Trust Account as a result of the purchase of the Rosea Debt for a bargain sum of $700,000 ??? Remember the total recoveries were $2,211,955.99...

Who determined that $700,000 was fair value ? Peldan the receiver of the EPF said he did... (Refer to transcript below) So that decision "as a receiver" was made in conjunction with the receiver of the EPF David Whyte.

Now lets dig back at the relevant relationships of all the parties. This is not speculation this is fact which has been tested in the Federal Court.

Michael Peldan - Personal friend of David Tucker ? - YES

David Whyte - Personal friend of David Tucker ? - YES

David Tucker - Acting as Solicitor for Michael Peldan EPF ? - YES

David Tucker - Acting as Solicitor for David Whyte EIF ? - YES

David Tucker - Acting as Solicitor for MS Asia ? - YES

David Tucker - Acting as Solicitor for David Kennedy - YES

The actual, let alone the perceived conflict of interest between these three is beyond the pale and if it were not for the millions of dollars being spent on the current litigation by the liquidators, none of these deals would have come to the knowledge of the investors of the EIF and EPF...




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Prior to and at trial this matter will have significant relevance and many heads will roll...

Good ol Gladys thought she would never be investigated for deeds going back to 2012 and look what transpired today...





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If Tucker had appointed a truly independent receiver to the EPF would this transaction have ever been allowed to proceed ?
 
The whole transaction related to MS Asia was a closed circle with independent professionals excluded, in favour of sychophantic mates who even let Tucker pay away Equititrust Investor funds directly from his own law firms trust account, to an entity in which he had a hidden beneficial interest in Hong Kong...

Its no wonder Tucker and Cowen's lawyers are saying this....

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What should have happened when ASIC intervened back in 2011… Hugh Copley’s objective on behalf of ASIC was to get independence in the court appointed receiver…
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What actually happened when a big ???was given to ASIC and professional regulators and the “mates” carved up the EPF as they pleased…
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Let that ring hard in everyone’s ears ? including the judge’s at trial… Tucker should not have been anywhere near the investors funds let alone have hidden his and Kennedy’s interest in the purchase of the BOSI debt ?…
 
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