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Equititrust?

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Ongoing litigation against former executives of Equititrust in the Federal Court of Australia for Misleading or Deceptive Conduct.

Please refer to the link below:

https://www.comcourts.gov.au/file/Federal/P/NSD2028/2013/actions

Hopefully the investors will be able to recover some money from the company's insurance...

Meanwhile the Federal Court action against those Equititrust Executives continues and is not something that is being made up. Its a fact not an alternative fact...


 
EPF
The Liquidator say's that the total amount that Tucker and Kennedy realised from the EPF assets was $16.5 Million, (refer to report blow)

http://www.equititrust.com.au/Pdfs/... Reports - 20170726 - Report to Creditors.pdf

McIvor on the other hand asserts that Tucker and Kennedy have $25 Million in a secret offshore account...

What's the truth here ? McIvor makes the claim, yet provides no evidence... As far as the investor's are concerned that's a big difference. Maybe McIvor could elaborate or provide some guidance as to his claim of $25 Million...

No Trust said:
2.55 in the video McIvor accuses Tucker and Kennedy of stashing $25 Million Dollars in a secret offshore bank account...

http://ampitup.info/?p=142
Click to expand...
 
McIvor states that the Equititrust Investors have a legitimate claim against the Government and the government will have to pay...

Open invitation to McIvor to let us know how this will happen and who will instigate this claim against the government... Will it be him ? Will it be Mi Guardian Fiduciary ?? Who will fund this claim ?

Its easy to make a YouTube video, how about some details for your long suffering investors...

An answer on this thread would be really welcome...

3.25
http://ampitup.info/?p=158
 
Ok, when pointing the finger of blame, three fingers point back...

"ASIC" Quite purposefully decimated the asset base"

2.00
http://ampitup.info/?p=139

Equititrust acknowledged in a statement yesterday that statutory accounts and compliance audits for the last financial year were in arrears, while the absence of an adequate database of property assets "may have impacted on decision making".


http://www.couriermail.com.au/busin...fa6459fcb?sv=81420135f64919e9522784c49cbd3ed6

When a company your the head of does not compile nor file statutory accounts and compliance audits, what choice does ASIC have but to move in... To simply blame ASIC for doing its job is a simplification for gross mismanagement from the very top...

At the time I was asking where the financials were on this thread to no avail...

Waking up one day and making a few YouTube videos does not change the historical facts... Equititrust was driven into the ground by bad loans to the like of "King Con" and these were all made by McIvor personally...
 
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Its very important not to get peoples hopes up by making unsubstantiated statements...

The ongoing Legal action in the Federal Court against McIvor and other directors which claim on the company's PI Insurance is one hope, the next is the impending legal action by the Liquidator against Tucker / Kennedy and Tucker and Cowan by the liquidator. The current proceedings are funded by a litigation funder and have approval of the Supreme court of Queensland. These are real proceedings with real hope.

Fanciful claims against the government are just that and unless there is substantive proof of how these claims will be executed on behalf of the Equititrust investors, they need to be regarded as mere puff from a failed, bankrupted and banned for life "Custodian" of Australian Retiree's money...

It may be cathartic for some to make these videos, but they do not in any way serve the interests of the long suffering Equititrust investors.
 
Given the Liquidator's have now put everything into the open concerning the Tucker , Kennedy and Tucker & Cowan impending litigation, maybe they should also give the investors an update on the litigation against McIvor et al in the Federal Court.

It's an ongoing case which will affect the return to investors.

McIvor is pointing the finger at Tucker and Kennedy's legal woes yet he doesn't mention his ongoing case in the Federal Court.

All these former Equititrust executives who care so much about their "Standing" have active Federal Court Cases underway or about to commence against them...

They all belong in the same basket and still have a lot to answer and account for...
 



Thanks again "No Trust". All this information, and you also ask the questions we certainly (and we think all the other investors) are still asking. An update on these court cases would be useful - particularly as ultimately one way or another we're paying for them! Of course, every time they are adjourned we all get closer to death.....is that what these people are hoping for? We don't want any one of them to get off the hook! For whatever reason!
 
It's a pleasure Mozzi, it's sad but many of those involved in this saga are reliant on the matter dragging on as more fees get charged...

We have the former founder of Equititrust lambasting the insolvency profession in recently released videos, yet he was charging exorbitant fees while the fund was frozen after many years... That had an impact on investors and is now part of the action in the Federal Court against the office holders in Equititrust for False and Misleading Conduct.

No one is getting off the hook, to the contrary it looks like the hook is being torn into the gullets of those responsible.

I have vehemently criticised the liquidator in the past and I still stand by some of those criticisms, however their actions in pursuing Tucker, Kennedy and Tucker & Cowan is exemplary, as is in the interests of the investors.

This action has real prospects of recovering money for the investors and leading to prosecution of those responsible for this diversion of investor's money.

Anything else such as spurious claims that the government will pay investors is just that from someone who has proven to be a false prophet and interested in his own "survival mode" rather than that of his investors who couldn't even obtain Centrelink assistance... where's the Equiti in that ???







 
Look if its hard for McIvor to "know how they reacted personally, look at the end of the day I was in survival stance, eeerm, they would have even known where I was."

2.45
http://ampitup.info/?p=144

Well, lets do this, why doesn't McIvor reach out to his investors now, so they can let him know. Lets have a frank discussion.

There are no apologies whatsoever, diversion, blame shifting, yes, while elderly Australians who worked hard all their lives are left to rot and as "Mozzi" says above "get closer to death"...
 


Given the recent reemergence of McIvor via way of YouTube and his take on why Equititrust imploded it would be remiss of me not to refer to The Sydney morning Herald's Michael West's take on the matter...

"McIvor would think MacGyver a chump for relying on so many props. McIvor blew up EquitiTrust and the savings of a thousand pensioners with nary a pair of tweezers and a roll of duct tape".

"In vivid prose McIvor debunks the vile claims of his assailants that EquitiTrust's leverage and reckless lending to the likes of the twice-bankrupt Gold Coast ex-plumber known as King Con were to blame for the demise of his fund".

"It was in fact corrupt bankers, venal journalists, and a cast of corporate skullduggerers conspiring against him. They veritably wrecked his plans to raise new equity and float the thing on the sharemarket".


http://www.smh.com.au/business/nice-money--but-they-have-to-earn-it-20121116-29hv7.html
 
Investor's are interested in getting more of their money back, they're not interested in hearing untruths about the cause of the collapse of Equititrust... ASIC, and the courts have made their judgments... Now its time to claw back money for the people who have suffered the most...
 
This Public Examination next month should be EPIC...
 
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