RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Fraud racket: OZschwitz solicitors await 'fake debt' ruling Fri Aug 16, 2013 1:18 am | |
| The behaviour of an alleged fraud ring made up of solicitors John Voitin and Simon Nixon and Mr Voitin's wife, Clare Sowersby, strikes at the integrity of the legal system, a court has heard.
Mr Voitin, Mr Nixon and Ms Sowersby have been accused of using fraudulent judgments of up to $35 million to generate debts owed by financially troubled, rich Australians.
It is alleged the fake debts were then used to force through personal insolvency arrangements under part X of the Bankruptcy Act that paid genuine creditors just cents in the dollar.
Farmer David Cross has brought a Federal Court lawsuit alleging the personal insolvency arrangement of contractor Giuseppe Rullo is part of the scam. Advertisement
''It really goes to the manner in which part X agreements are administered in the commercial world,'' Mr Cross' counsel, Mark LaPirow, told the Federal Court on Thursday.
''The administration of the system really depends on people doing what the act requires and making truthful disclosure,'' he said.
Read more: http://www.smh.com.au/business/solicitors-await-fake-debt-ruling-20130815-2rzim.html#ixzz2c6ebvvPE _________________ Anarcho Capitalists Retail , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
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