Adam Toma and Veronique Ingram have been protecting corrupt trustee's for years.
In particular ITSA received numerous complaints regarding the 4 Insolvency Practitioners who were terminated.
The corrupt trustee Paul Pattison , who was eventually made a bankrupt himself was protected for a considerable amount of time by the Shonkey Enforcement Manager Adam Toma
by Michael Murray | May 31, 2013
ITSA has terminated or ‘negotiated the resignation of' four personal insolvency practitioners, who ITSA found have not been satisfactorily performing their duties.
ITSA says that their estate files being transferred to either registered trustees or to the Official Trustee.
As a result of its investigations, ITSA identified various breaches of the Bankruptcy Act and of fiduciary duties of the trustees concerned, including:
ITSA says it is unable to release any additional or case specific information at this time. ITSA does not say whether the practitioners concerned are registered liquidators under the authority of ASIC.
As a result of its investigations, ITSA identified various breaches of the Bankruptcy Act and of fiduciary duties of the trustees concerned, including:
- taking remuneration in excess of that fixed by creditors
- failing to adequately communicate and keep creditors, debtors and bankrupts informed of material developments
- inadequately investigating property, assets and income
- failing to maintain adequate books, records and documentation in relation to decisions made.
ITSA says it is unable to release any additional or case specific information at this time. ITSA does not say whether the practitioners concerned are registered liquidators under the authority of ASIC.
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