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Equititrust?

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Given the Shakespearean plot twists in this scandal a quote from Hamlet is in order...

"The lady (in this case the gent) doth protest too much, methinks"...



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Let’s say that once upon a time there were two gents who both had sophisticated offshore entities and a problem to solve onshore… What’s to say a little fairy ?‍♂️ suggested that some of the problem be solved offshore… WHOOSHKA… Problem solved no nasty taxes to worry about…
But this is a fairy tale right ???
 
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Notice how the ROSEA debt was "not finally settled" until it was transferred for $700,000 out of the hands of BDO to Tucker and Kennedy under the guise of MS ASIA...

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Raptis and family will not recover from this hit as they have done so before... The reason ? The loot pilfered offshore away from creditors including hundreds of subcontractors over decades has been discovered by the Taxation Office... Even good old Jim's personal home is now on the chopping block...

No amount of layered trusts and keeping his home in the name of a retired granny will save him this time...

Bye Jimbo...


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Maybe good ol gal Merilee Lisle has a granny flat out the back... Her discussions will the Taxation Office will be riveting...
 
Below is another galloping Greek Gold Coast property developer who was jailed for a decade in 2018 for $63 Million.

www.9news.com.au

Michael Issakidis jailed over Australia's largest tax fraud

A former Gold Coast property developer has been jailed for more than a decade in the largest prosecuted tax...
www.9news.com.au www.9news.com.au

The Taxation Office wants $109.7 Million from Raptis...

Jim Raptis faces years of legal hell, a potential custodial sentence and the loss of his family home and all other assets just like Michael Issakidis...

The developments that the Taxation Office is allowing to continue will all flow back to the ATO... The ATO is allowing this because of the strong Gold Coast property market. The question is, given Raptis's abysmal record in paying subbies, will the subcontractors turn up to work given what's transpired...

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Jim Raptis's luck has finally run out...

ZERO TEARS...PRAYERS AND THOUGHTS THOUGH, FROM YOUR CREDITORS AND FORMER SUBCONTRATORS...
 
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...
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No Trust said:
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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No need for alarm ? folks, (certainly not for people without secret offshore entities in tax havens), but a specific department within the ATO are avid readers of this thread… ?
 
If Raptis and others who have had dealings with him think for a minute they haven’t been surveilled by the Federal Police, they’re deluded…
Watch this space…
 
kostag said:
Re: Equititrust: RAPTIS DISCLOSURE:
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kostag said:
1. Recent media:
Equititrust is seeking to recover a $3.8 million debt held against a Mudgeeraba development site owned by a Raptis company and guaranteed by Mr Raptis personally.

Equititrust chief executive David Kennedy said yesterday that Mr Raptis had not adhered to a refinance proposal.

''We ran out of patience,'' he said. ''We're going after everything and anybody that owes us money.''

But Mr Raptis yesterday said the amount owed was in dispute and he would be defending his position. He was confident of an amicable settlement.




2.
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