Liquidations

Courtenay House duo extract the lot from Ponzi boss

After advising creditors of Courtenay House Capital in June this year that they would not recommend a settlement offer from Tony Iervasi, it looks like liquidators Said Jahani and John McInerney have extracted something much more favourable. In a July 27, 2018 circular the Grant Thornton duo told creditors that they had signed a deed of settlement with the self-confessed Ponzi scheme operator just a day earlier. “Under the terms…

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Pair’s use of “power-of-attorney” riles ASIC

Whilst one must take care not to assume, it looks as though ex-KordaMentha partner Cliff Rocke and KordaMentha’s John Bumbak have doubled down in getting up officialdom’s nose. It started on June 6 when Rocke went to the Federal Court seeking an order to facilitate his retirement as sole liquidator of three companies to which he’d been appointed before his departure from Kordas in December, 2016. Rocke also asked…