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Equititrust?

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Re: Equititrust Used As Security - McIvor Property Acquisitions

There is a list of the charges in 18th November affidavit of Paul Vincent at page 11.
Is the first one listed the one you are referring to?
According to the list this charge is in the process of being removed.
 
Re: Equititrust KPMG: auditors : they'd be checking their PI policies

a friend told me today that he had just learned that the senior Auditor Partner on the EQUITITRUST audit is related through marriage to - wait for it - you guessed it..... KING CON!! HOw about this conflict of interest - un-disclosed!

That party also told me that various authorities are looking closely at the standard of the AUDIT - what confirmations were made by the AUDITORS with the MAJOR BORROWERS as to the AMOUNT OWING, SECURITY etc.

This follows on from allegations by some MAJOR BORROWERS that do NOT owe anything like being claimed in PDS statements or PUBLISHED DATA.

This material will blow the lid of the place.

SPECTRE said:
QUESTION: There does not appear to be ANY qualifications by the Fund Auditors KPMG regarding the issue of “fees” to Equititrust let alone any queries of conflicts in any dealings between “associated” parties such as MM Holdings Pty Ltd and/or Mark McIvor and Equititrust Limited..............how does that work in an Audit process or is it possible that the “association” between Directors of Equititrust Limited and KPMG “over rides” any such “conflicts” or Audit testing ? Have the Authorities involved to date been watching this happen?
Click to expand...
 
Re: Equititrust Used As Security - McIvor Property Acquisitions

QUESTION: Klua, In so far as the Capital Corporation (Australia) No1 Pty Ltd Charge is concerned as it appears in Paul Vincent’s Affidavit , the “real” question is that “how” was it allowed to be lodged in the “first place” ; obviously signed for on both sides by Mark McIvor as a then Board Member and secondly as it being in relation to a “personal borrowing” for a Taxation Scheme ? ASIC records are very interesting to view as to the Deregistration and Registration of untold number of Capital Corporation Companies relating to Grant Park (Capital Group), regardless as to what minimal amount is mentioned in Paul Vincent’s Affidavit ; by the way, what “property project” was that Fixed & Floating Charge “booked up” in the records of Equititrust in the first place......Board approval, Auditor’s Review, ATO knowledge, “how” now discharged, why and by which “funds” ??

klua said:
There is a list of the charges in 18th November affidavit of Paul Vincent at page 11.
Is the first one listed the one you are referring to?
According to the list this charge is in the process of being removed.
Click to expand...
 
Re: Equititrust Auditors & Receivers

QUESTION : How many Receivers does it take to deal with Equititrust Funds ? The Court Appointment made by ASIC intervention saw David Whyte of BDO being appointed Receiver to the Equititrust Funds and today, the nominated Receiver that David Tucker applied to the Courts to appoint on behalf of a number of Creditors, namely John Kennedy of David Clout & Associates is seen exiting the “Fuher’s Bunker” (Equititrust Office) in Chevron Island..........which Receiver is to fight over which Fund assets to secure their relevant fees..........seems that the “cheque book” will be overflowing ; NOT to Unit Holder Distributions, rather Receiver Fees............NEXT will be Liquidators and Legal fees no doubt...................and Unit Holders appear where ?
 
Re: Equititrust Auditors & Receivers

As usual unit holders will come last... As to receivers / liquidators coming and going from the "Fuher's" bunker it seems there are machinations going on behind the scenes which are not in the best interests of unit holders...

Its interesting to note that the office building as well as 1 Southern Cross Dr is under surveillance from a number of parties...

Isn't it time the Australian Taxation Office looked into McIvor's affairs... For the benefit of all parties with a vested interest it is time the transactions are put under the microscope...



SPECTRE said:
QUESTION : How many Receivers does it take to deal with Equititrust Funds ? The Court Appointment made by ASIC intervention saw David Whyte of BDO being appointed Receiver to the Equititrust Funds and today, the nominated Receiver that David Tucker applied to the Courts to appoint on behalf of a number of Creditors, namely John Kennedy of David Clout & Associates is seen exiting the “Fuher’s Bunker” (Equititrust Office) in Chevron Island..........which Receiver is to fight over which Fund assets to secure their relevant fees..........seems that the “cheque book” will be overflowing ; NOT to Unit Holder Distributions, rather Receiver Fees............NEXT will be Liquidators and Legal fees no doubt...................and Unit Holders appear where ?
Click to expand...
 
Re: Equititrust KPMG: auditors : they'd be checking their PI policies

If this revelation turns out to be true then there are going to serious ramifications for all concerned. It seems that "Conflicts of Interest" were the order of the day under McIvor and the previous board of directors...

Did any of the directors ask questions or did they just blindly participate in activities which were a gross dereliction of their duties...

kostag said:
a friend told me today that he had just learned that the senior Auditor Partner on the EQUITITRUST audit is related through marriage to - wait for it - you guessed it..... KING CON!! How about this conflict of interest - un-disclosed!

That party also told me that various authorities are looking closely at the standard of the AUDIT - what confirmations were made by the AUDITORS with the MAJOR BORROWERS as to the AMOUNT OWING, SECURITY etc.

This follows on from allegations by some MAJOR BORROWERS that do NOT owe anything like being claimed in PDS statements or PUBLISHED DATA.

This material will blow the lid of the place.
Click to expand...
 
ASIC are right onto this

dont think that ASIC are doing nothing - they have reams of seized material and the department pouring over it are the very skilled and under-resourced fraud and enforcment boys - they are looking for a nice big fat scalp and I suspect that they can smell one here.....
 
Re: Equititrust - Continuous Disclosure

QUESTION 1 : Continuous Disclosure :- Does Equititrust really know what that means in “English Terms” let alone the Corporations Act ? .......obviously not from the absence of “critical issues” over the past years, let alone the concept of “NO Disclosure” both at Board Level and Unitholder Level.
 
Re: Equititrust - Responsible Entity / Directors Insurance Cover

QUESTION 2 : When, if ever, was Equititrust Limited going to provide the “Continuous Disclosure” regarding the “non renewal” or lack of obtaining “fresh Insurance Cover” post the cessation of same by the previous Insurers after the Court Case heard on 21st November 2011 at 4.00pm; NOT appearing on Company website under Continuous Disclosure Statements ? ?
 
Re: Equititrust - Receiver Appointment Disclosure?

QUESTION 3. : When, if ever, was Equititrust Limited going to provide the “Continuous Disclosure” regarding the Appointment by the Court on 21st November 2011 of David Whyte as Reciever of the Funds and the Orders so produced by the Court ; NOT appearing on Company website under Continuous Disclosure Statements ?
 
Re: Equititrust - Disclosure on Company Website

QUESTION 4. : When, if ever, was Equititrust Limited going to provide the “Continuous Disclosure” regarding the “role” of it and the “new Board” regarding its position as what ; an RE with NO Insurance and contravening Corporation Act Basic requirements ; NOT appearing on Company website under Continuous Disclosure Statements ?
 
Re: Equititrust - Fees After Receiver Dips In For Costs

QUESTION 5. : When, if ever, was Equititrust Limited going to provide the “Continuous Disclosure” regarding the relationship it was to have with the Funds and whether it was STILL to obtain FEES of ANY amount from the Managed Funds AFTER Receiver Costs and if so, WHY would it be entitled to FEES if it is NOT an Responsible Enitiy ?
 
Re: Equititrust - Who Is The Real "Reptile"?

NEW QUESTION: With NO Fees emanating from Equititrust, will we now see the Banks finally taking control of such “Assets” and IF anything left over, a possible return of any excess to Equititrust Unit holders where it belongs?...............will be needed to pay Receivers, Liquidators let alone associated Legal Firms now engaged.................likely return to Unit Holders ; ZERO is much closer than ever before BUT justice will prevail against those who have perpetrated nothing more than a crime against innocent Unit Holder Investors, let alone aggrieved Lenders who have been “raped’ by Mark McIvor self serving deals.........WHO are the real “Reptiles” as Mark McIvor has referred to them.......will the “real” Reptiles please stand up; Mark, that means YOU !
 
Re: Mark McIvor's Personal Bunker/s

ANOTHER NEW QUESTION : It is noted with interest that ALL the “curtains” are drawn at the “personal bunker” of Mark McIvor and family at 1 Southern Cross Drive Cronin Island ; apart from the weather, is it either that it is getting “hot” inside or has Mark McIvor and family “retreated” to “another” family “bunker” on Cronin Island forming part of “his” property portfolio that has arisen from “where” and at Unit holders expense ?
 
Oh which bunker will I scheme in tonight

It seems that the McIvor's will move to an adjoining property spread across 4 blocks of land on Southern Cross Drive.. Their agent is spruiking this to all interested parties as if there is no crisis whatsoever...

What is disgusting about the McIvor's actions is the fact that there is no intention whatsoever to return any of the proceeds to unit holders... Having raped the fund and lost in excess of 150M on dodgy loans to the likes of King Con there is no remorse...
 
Trading Whilst Insolvent

Isn't it illegal to be trading whilst insolvent...

At what point does McIvor have to throw in the towell...

Discussions with Liquidators maybe focused on a voluntary appointment to a friendly liquidator who will not ask any questions... Due to Equititrust being inextricably linked to the two funds now in receivership an Independent liquidator needs to be appointed to Equititrust to ask the relevant questions of McIvor and conduct the necessary investigations along with ASIC and the Federal Police...

This stunt wont work...
 
Financial Services License - Cancellation

What is the Status of the Financial Services License ? Has ASIC cancelled the License??
 
Legal Action and Recovery against Borrowers

What is the status of the ongoing legal action and recovery against borrowers? Have the files been returned from Tucker or is he holding out for payment ??
 
Re: Legal Action and Recovery against Borrowers

Is there anywhere we can see the contents of the affidvits of Tucker, Kennedy etc that were filed in the Tucker SF case?
 
Affidavits

Yes, the affidavits can be copied by searching the file in the Supreme court... the contents of those affidavits will be explosive as they exhibit emails from the "Fuhrer" threatening everyone...
 
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