Jarrod Sierocki. Liquidator turned investigator Brendan Nixon. When you attribute some of the blame for the failure of your insolvency firm to measures imposed to curtail COVID’s spread, it shows a certain chutzpah to then utilise a key pandemic abatement feature in spruiking your new shop. So when an anonymous tipster advised iNO that Queensland-based insolvency operator Jarrod Sierocki had started a new outfit, imagine…
Insolvency Options principal Darren Vardy. One benefit visited upon insolvency practitioners by the measures imposed to contain COVID 19 was time. The financial support and moratoriums on insolvent trading that gave directors breathing space to consider options inevitably gave under-employed insolvency practitioners the same time to ponder their own businesses, prospects and futures. Registered liquidator Darren Vardy, who operated as a licensee under the SV…
RSM Australia’s David Kerr. Former PKF partner Stirling Horne. A couple of veteran liquidators have recently taken the steps necessary to facilitate their retirements and bid farewell to the insolvency game, at least in terms of being authorised to accept formal appointments. In the last month RSM’s David Kerr and PKF’s Stirling Horne have been granted orders by the Federal Court of Australia paving the…
RRI Advisory’s Trajan “John” Kukulovski. iNO readers may well remember our exclusive story of August 2, 2019 that exposed the tumult that had quietly engulfed Jirsch Sutherland back in 2015 as a consequence of an unspecified “confession” by former director Andrew Ngo. The alleged “confession” led to a meeting between ASIC officers and Jirsch founder Rod Sutherland and then managing partner Sule Arnautovic on November…
dVT’s Antony Resnick. dVT Group co-founder Riad Tayeh A prominent liquidator facing bankruptcy proceedings has been expelled from the partnership he co-founded two decades ago. According to a judgment of the Federal Court of Australia, the liquidator was notified late last month by his fellow partners that he was liable for expulsion from the partnership as a result of being served a creditor’s petition, which…
Oracle Advisory founder Nick Cooper. Worrells partner Paul Burness. There’ll be a gnashing of teeth among Worrells’ equity partners after a court ordered Worrells Services Pty Ltd (Services) – which houses the Worrells network’s liquidation file data – to pay indemnity costs to former Worrells South Australia (SA) partner Nick Cooper. In a recent judgment handed down by Supreme Court of South Australia judge Katrina…
Opinion Wisest choice. Deloitte CEO Adam Powick. Wisdom surely has prevailed. On Tuesday evening Deloitte and Paul Ryan Quill reached an agreement which will see the now ex-restructuring division director hand over his assets to satisfy claims totalling more than $3 million which Deloitte had alleged he pilfered from the big four accounting firm via a sham expenses scam. We say had alleged because the…
Aluminium underpants purchased with funds allegedly defrauded from Deloitte by ex-Restructuring Division director Paul Quill. One of the certainties to flow from the reporting to police of allegations of criminal conduct by former Deloitte director Paul Quill is that the big four firm’s forensic division now has a whole lot more work in front of it. Quill, who allegedly rorted more than $3 million in…
LMFMIF receiver David Whyte. FTI Consulting’s John Park. When David Whyte announced his retirement from the BDO partnership in mid-2021, he spoke of a post-work existence devoted to the beach, the golf course and the cabins of aircraft bound no doubt for destinations neglected during his more than 40 years as a banker, accountant and liquidator. “Will finish a couple of old court appointments along…
After seeing the number of appointments being relinquished by Queensland-based liquidator and trustee Brendan Nixon, iNO can but wonder wonder at the depth of cosiness which must exist between SM Solvency Accountants‘ owner Jarrod Sierocki and at least some of the equity parters at Vincents. As revealed by documents lodged by Nixon’s lawyers in the Federal Court, all told the Vincents trio of Nick Combis,…