Savants’ Adrian Duncan. Adrian Duncan, the registered liquidator and a key investor in the failed 2005 bid to list Knights Insolvency Administration on the Australian Stock Exchange (ASX) is rumoured to have left Britain for South America after the UK regulator stripped him of his license and his firm Savants Restructuring was placed in administration. Three years after the Institute of Chartered Accountants in England…
A potentially prestigious and professionally rewarding bankruptcy appointment could be imminent after the Federal Court published details of freezing orders in respect of claims totalling almost $110 million being pursued by the Deputy Commissioner of Taxation (DCoT) against Queensland property developer James Raptis. Raptis, who is Queensland’s honorary consul for Greece, was one of the state’s biggest property developers until the 2009 global credit crunch…
Amanda Young conceals her face as she leaves court. A harrowing portrait of a problem-plagued life made worse by alleged workplace bullying and harassment unfolded yesterday as ex-liquidator Amanda Young testified ahead of her sentencing on charges of stealing tens of thousands of dollars while employed as a salaried partner at the Sydney office of insolvency firm Jirsch Sutherland. Young, who in February pleaded guilty…
Worrells partner Jason Bettles. Editor’s Note: On Friday, August 18, 2023 Justice Brigitte Markovic of the Federal Court of Australia dismissed ASIC’s case against liquidator Jason Bettles and ordered the regulator to pay Bettles’ costs. Worrells’ Jason Bettles has had another win in his ongoing fight with ASIC, which throws money at poorly articulated misconduct cases knowing the costs of setbacks are recoverable via Industry…
Macks Advisory’s Peter Macks. A judge of the Supreme Court of South Australia has ordered that the registration of liquidator Peter Ivan Macks be suspended for three years after finding that he had fabricated documents in a failed bid to divert scrutiny of his conduct by the Australian Securities and Investments Commission (ASIC). The finding of dishonesty by Justice Sam Doyle handed down last Friday…
Amanda Young at the NSW Supreme Court. 10 months after being charged with multiple criminal offences, former Jirsch Sutherland partner and struck-off liquidator Amanda Young has pleaded guilty to one charge of fraud and one count of dishonesty. Young pleaded guilty in the NSW Local Court on January 19, 2021. She will return to the NSW District Court ahead of sentencing on February 26. Her…
Macks Advisory’s Peter Macks. South Australian liquidator Peter Macks faked documents in an attempt to foil an ASIC investigation, a court has found. In Australian Securities and Investments Commission v Peter Ivan Macks (No.4) [2020] SASC 209 South Australian Supreme Court judge Sam Doyle said Macks had acted dishonestly and for the purpose of deceiving ASIC in respect of a memoranda Macks provided to the…
Louise Thomson – Bankruptcy trustee’s registration cancelled. The registration of NSW-based bankruptcy trustee Louise Thomson has been cancelled on the recommendation of a committee convened to investigate allegations of conflict of interest. In a statement issued yesterday AFSA said that in 2019 its staff had “investigated instances of misconduct that called into question Thomson’s independence, judgement and general suitability to remain registered as a trustee.”…
Amanda Young. Struck off liquidator Amanda Young could be gaoled for up to 10 years following the commencement of criminal proceedings relating to almost $240,000 the 40 year old accountant is alleged to have misappropriated whilst working at mid-tier insolvency firm Jirsch Sutherland. Young was issued a summons in respect of the alleged criminal offences in April this year and the matter came before a…
On the move but not yet on a roll. Liquidator Mitchell Ball. Rolling across iNO’s desk in recent weeks have been murmurings about movement in Kent Street, where we understand Mitchell Ball, who puts the B in BPS Recovery, has parted company with the P and the S, Max Prentice and David Sampson. iNO’s mail is that Ball and a couple of his staff have…