If ever Mackay Goodwin founder Domenic Calabretta is asked if there is one employment decision he regrets more than any other, iNO would be surprised if he doesn’t reply: “Paul #$%!! Leroy“.
Leroy, as iNO readers will recall, was employed by Mackay Goodwin about five months before fleeing the jurisdiction late in 2023, allegedly with a large sum purloined from the bankrupt estate of former Health Services Union secretary Kathy Jackson, who is no longer a bankrupt.
The Jackson estate was one of many files Leroy brought with him when he signed on to work at Mackay Goodwin in June 2023 but after his unexpected departure and subsequent deregistration by AFSA, SV Partners Fabian Micheletto and Michael Carrafa were appointed as the trustees of the Jackson estate.
The pursuit and apprehension of Leroy is now in the hands of the Australian Federal Police (AFP).
The pursuit of recoveries for the benefit of the Jackson estate creditors meanwhile is Micheletto and Carrafa’s patch and as iNO has learned, they are about to make a significant step with the joinder of Mackay Goodwin to proceedings commenced in the Federal Court on February 1, 2024.
Micheletto and Carrafa have clearly obtained legal advice indicating Mackay Goodwin’s policy can respond to a claim, suggests they may have also obtained funding, most likely from the Commonwealth, to pay for the advice and engage lawyers to act on it.
It’ll fall to the insurers lawyer to determine whether their client will dispute any claim, or concede it.
Calabretta meanwhile can only hope to endure as the trustees inch closer to extracting an amount from his insurer that may ultimately lead to a more onerous and expensive exercise in covering himself and his staff, and that’s without having to respond to the secretive investigations into Leroy being undertaken by the Inspector-General in Bankruptcy. Language please.
Further reading:
Leroy: how the deceit was discovered
Letter to NAB raises proper authority questions
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