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…
Ex-liquidator and former Jirsch Sutherland partner Amanda Young. Ex-liquidator and convicted fraud Amanda Young has avoided gaol after a judge yesterday ordered that the 41 year old serve a term of imprisonment totalling 27 months while subject to an intensive corrections order (ICO). At the conclusion of a two and half hour hearing District Court judge Kara Shead said that but for Young’s fragile mental…
Amanda Young. The Commonwealth Director of Public Prosecutions (CDPP) told a court this week that imprisonment was the only appropriate sentence for an ex-liquidator who stole almost $250,000. During sentencing submissions before NSW District Court Judge Kara Shead on Monday, CDPP lawyer Tempe McMinn said all thresholds required for the imposition of a custodial sentence had been crossed by the offender Amanda Young, who in…
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…
Crouch Amirbeaggi co-founder Nick Crouch. For at least a decade Nick Crouch has advocated for reform of insolvency laws with the aim of achieving a simpler regulatory regime for businesses seeking to survive, but now it’s the NSW north coast native’s own license to liquidate that’s under threat. Last week the Crouch Amirbeaggi co-founder was referred by ASIC to a Schedule 2 disciplinary committee, no…
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. The corporate regulator confirmed this week that its case against Worrells partner Jason Bettles remains unchanged and on foot in the wake of criminal charges being filed in the Brisbane…
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…
Aston Chace co-founder Steve Naidenov. Liquidator and CPA Australia (CPAA) member Steve Naidenov was left licking his paper cuts recently after CPAA’s Disciplinary Tribunal smote him with what passes for wrath in the age of safe spaces. A reprimand – category severe – and $2000 in fines is what the Aston Chace co-founder incurred in respect of complaints whose origins harken back to when he…
Daniel Moore – BCR Advisory (Qld). Veteran trustee and liquidator Daniel Moore has been referred to a disciplinary committee in respect of allegations he breached his statutory and fiduciary duties. The Queensland-based insolvency practitioner was referred to a disciplinary committee by the Inspector-General in Bankruptcy under part 2, schedule 2 on March 10. Moore did not respond to requests for comment but a source with…
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. The corporate regulator has returned to the fray in its ongoing campaign to rub out Jason Bettles, calling for the Worrells partner to be stripped of his liquidator’s ticket and…