Perhaps the PwC walkout will be the straw that broke the camel's back. We have for too long been unwilling and unpaid actors in this Wellington Capital horror movie produced, directed and written by Jennifer Hutson. The ever-reluctant ASIC may have no choice but to start moving.
Wellington Capital PIF/Octaviar (MFS) PIF
- Thread starter breaker1
- Start date
http://rca.colliers.com.au/property-hotel+leisure-vic-creswick-5933201
Novotel Forest Resort - 4.5 star hotel with development upside
Colliers International has received instructions from the mortgagee to sell the property known as Novotel Forest Resort by Expression of Interest with a closing date of Tuesday 29 November 2011 at 4pm AEST
Another related article:http://www.propertyobserver.com.au/commercial/commercial-hammer-prices/2011110252185
The Walsh family almost lost the hotel after being caught up in the collapse of Gold Coast lender MFS in 2009, which had provided a $48.3 million loan to fund construction of the resort. In April this year Walsh lodged a $168 million lawsuit in the Victorian Supreme Court against MFS and its custodian prior to its collapse, Perpetual Trustees.
Novotel Forest Resort - 4.5 star hotel with development upside
Colliers International has received instructions from the mortgagee to sell the property known as Novotel Forest Resort by Expression of Interest with a closing date of Tuesday 29 November 2011 at 4pm AEST
Another related article:http://www.propertyobserver.com.au/commercial/commercial-hammer-prices/2011110252185
The Walsh family almost lost the hotel after being caught up in the collapse of Gold Coast lender MFS in 2009, which had provided a $48.3 million loan to fund construction of the resort. In April this year Walsh lodged a $168 million lawsuit in the Victorian Supreme Court against MFS and its custodian prior to its collapse, Perpetual Trustees.
Given that we know for a fact hutson will not cooperate, is there any other criminal offence that we may be able to try and bring charges on such as concealing a crime, or anything along those lines.
Surely by now the evidence is no such pif reaction group exists and it is the fraudulent concoction of possibly hutson to win support and votes.
Given that the mailout was full of lies and on a better than average score "completely criminal" are we able to pursue wellington and hutson and her cohorts for concealing this criminal offence by failing to provide information relating to who obtained the registy copy.
Surely if asic wont touch them, then can we in cooperation with various state police forces request charges be brought against hutson and her team.
The mailout was sent to all states so they would have had to have committed crimes in NSW, VIC, QLD etc. Some of the mailout came from the same state so it may be easy to charge them under some state laws.
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Spot on Sutho81.
White collar criminality is still a "softly, softly, lest we molest political correctness unnecessarily" mentality in this high brow country.
And having an ALP minded ASIC chief installed outside of merit based democratic selection does not help us.
Rest assured though; all the pig's troughs eventually run empty for them.
Abraham Lincoln
Cheers,
Out of interest I looked up the Australian Shareholders' Association. The link is to their second page.
http://australianshareholders.com.a...tion=com_content&view=article&id=47&Itemid=60
http://australianshareholders.com.a...tion=com_content&view=article&id=47&Itemid=60
Maybe it is time we started pushing for ACA to take up the cause for us. Name and shame hutson and have ACA put her in the same category as robert hughes. It would appear there was no legal obstacle to airing his alleged crimes and police began investigating him.
Perhaps if we list a detailed case of crimes committed by hutson to ACA they may be able to help and get the ball rolling for a police investigation into her to commence with a hope that criminal charges be laid against her.
The mailout of the non existant group is one possible crime. Covering up the incident would have to be another crime as well. I believe that there may be laws in existance that she can be charged for concealing the initial crime of the fraudulent mailout.
Perhaps if we list a detailed case of crimes committed by hutson to ACA they may be able to help and get the ball rolling for a police investigation into her to commence with a hope that criminal charges be laid against her.
The mailout of the non existant group is one possible crime. Covering up the incident would have to be another crime as well. I believe that there may be laws in existance that she can be charged for concealing the initial crime of the fraudulent mailout.
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Sorry for this depressive drip:
Are mortgage funds down for the count?
John Collett
November 16, 2011
The mortgage fund sector has its work cut out convincing investors the sector has a future and is not in irreversible decline.
According to the Australian Property Funds Survey by Property Investment Research, the gross assets in the mortgage funds dropped by 21 per cent, from $14 billion last year to $11 billion this year.
As a percentage of money invested in all types of listed and unlisted property funds, the mortgage fund sector makes up only 4 per cent.
Read more: http://www.smh.com.au/money/super-a...r-the-count-20111115-1nfxe.html#ixzz1dw4XCKPP
Regards,
Are mortgage funds down for the count?
John Collett
November 16, 2011
The mortgage fund sector has its work cut out convincing investors the sector has a future and is not in irreversible decline.
According to the Australian Property Funds Survey by Property Investment Research, the gross assets in the mortgage funds dropped by 21 per cent, from $14 billion last year to $11 billion this year.
As a percentage of money invested in all types of listed and unlisted property funds, the mortgage fund sector makes up only 4 per cent.
Read more: http://www.smh.com.au/money/super-a...r-the-count-20111115-1nfxe.html#ixzz1dw4XCKPP
Regards,
Seamisty will not be posting on this forum for approximately one month. I would like to encourage fellow posters to take care in what they say, check carefully before you post that you do not create problems for yourself. In addition, the forum is a very valuable tool for unit holders to communicate their thoughts and it would be a shame to see it shut down over some indiscretion. Regards Charles36.
If Seamisty won't be posting for a month, I guess it's up to us regulars to monitor widely for any news. The silly season is sometimes a period when advatage can be taken by some in the knowledge that there are numerous distractions.
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This article from the Australian in mid-July is a reminder that we must keep pressure on ASIC. The report's contents are interesting to read from today's perspective.
http://www.theaustralian.com.au/bus...-paid-protesters/story-fn91wd6x-1226095570433
http://www.theaustralian.com.au/bus...-paid-protesters/story-fn91wd6x-1226095570433
I have been told that the press is nosing around and do not intend to let go. It was expressed that the aborted meeting was unbelieveable and this may well be the subject of close scrutiny. Who knows where this will all end up. I remain positive and I hope all unit holders are doing the same. Don't give up on the Government Regulator either. Just a little side story, I know a Police Officer who went to a large Supermarket as a result of one of the staff allegedly stealing some of the stock. Not very serious you might think but by the end of the day the alert Police Officer had discovered that not only this person stealing but there were nine others including the storeman who was signing for the goods on the delivery truck. The driver. who was part of the deal, then delivered them to a warehouse on behalf of the Storeman. At the end of the day there were eleven people arrested and the Manager was dismissed for poor management. The moral of this story is when one person is cornered they soon give up their associates.
hi Charles....nor hear...we r still all hear behind you not much to say but were [[[[hear]]]] jenney...
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Charles you are right about things starting to happen at ASIC. In the Brisbane Supreme Court:
18/11/2011 Amended Statement of Claim THIRD FURTHER AMENDED STATEMENT OF CLAIM - PURSUANT TO FRYBERG J - 11/11/11 on behalf of Applicant (ASIC).
Looks like the learned judge told ASIC to pull it's finger out and get the case started. The next court date is 12 December.
18/11/2011 Amended Statement of Claim THIRD FURTHER AMENDED STATEMENT OF CLAIM - PURSUANT TO FRYBERG J - 11/11/11 on behalf of Applicant (ASIC).
Looks like the learned judge told ASIC to pull it's finger out and get the case started. The next court date is 12 December.
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Could be a useful reminder
How to protect your online security
❏ Use strong passwords, not your mum's maiden name, your pet's name or your birth date. Don't select the "remember my password" option.
❏ Limit the amount of personal information you post on public sites. This information can be used by a criminal to develop a composite identity.
❏ Never click a link or open an attachment from someone you don't know. Do not respond to suspicious emails or mail.
❏ Carry only essential personal information with you.
❏ Check your credit report to see if there has been any unauthorised activity.
❏ Limit the credit you have on credit cards.
❏ Avoid using public computers to access personal information.
❏ Ensure no personal information remains on your computer hard drive before you sell or dispose of it. The same goes for mobile phones.
Source: Australian Crime Commission
Read more: http://www.smh.com.au/money/super-and-funds/super-in-the-spotlight-20111115-1nfxx.html#ixzz1eDIDMH4M
How to protect your online security
❏ Use strong passwords, not your mum's maiden name, your pet's name or your birth date. Don't select the "remember my password" option.
❏ Limit the amount of personal information you post on public sites. This information can be used by a criminal to develop a composite identity.
❏ Never click a link or open an attachment from someone you don't know. Do not respond to suspicious emails or mail.
❏ Carry only essential personal information with you.
❏ Check your credit report to see if there has been any unauthorised activity.
❏ Limit the credit you have on credit cards.
❏ Avoid using public computers to access personal information.
❏ Ensure no personal information remains on your computer hard drive before you sell or dispose of it. The same goes for mobile phones.
Source: Australian Crime Commission
Read more: http://www.smh.com.au/money/super-and-funds/super-in-the-spotlight-20111115-1nfxx.html#ixzz1eDIDMH4M
From today's UK Independent: "Police fingerprinted and photographed former Philippine President Gloria Macapagal Arroyo on her hospital bed today over electoral fraud charges..."
Arroyo was president for nine years and was untouchable during that period.
Arroyo was president for nine years and was untouchable during that period.
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I was hoping for member contributions to this list in the manner of:
* Avoid REs bringing on Golf Promotions when members can least afford it
* Gag any gloaters in red leather coats
* Rub shoulders with only genuine, original members
* Scream "discrimination" at every opportunity
to suggest a few.
Regards,
Item about Gold Coast crime. TV Night, today.
http://www.tvtonight.com.au/2011/11/gold-coast-mayor-unhappy-with-60-minutes.html
http://www.tvtonight.com.au/2011/11/gold-coast-mayor-unhappy-with-60-minutes.html
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More evidence the Judge told ASIC to get the case happening:
18/11/2011 Notice FURTHER AMEDED ORIGINATING APPLICATION - AS ORDER BY FRYBERG J - 11/11/11 Applicant
