Why do we need to launch a Class Action if the Receivers are already dealing with the matter on creditors behalf ?
Because the Receivers have only recovered ITRO $38million of creditors money through the various offshore accounts, and there remains an alleged $210 million or more, missing. Therefore, the most that creditors can hope to recover via the Receivers, is between 5% and 17% on the dollar, leaving a potential shortfall of between 87% and 95% on the money they invested or lost – which appears to have just “disappeared” or “gone up in smoke”. The creditors claim may include an account of any withdrawals they may have made while the Scheme/s were operating, but excludes any claims for aspects of any loss they suffered, or the severe compounding effects of these losses over the 6 year period in question, or other forms of damages. Therefore, whoever is ultimately ‘answerable’ or responsible for causing this loss to be suffered, to varying degrees, amongst ‘One Voice’ Claimants, will be brought to task through this Class Action, and restitution claimed in full. A Class Action will enable us all
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