Quote:
Originally Posted by MLSchaff
My main concern right now is that there is no one advocating on behalf of the players with the liquidator. I actually wonder if players even have standing to claim against Tusk's funds - since we never deposited these funds directly with Tusk. If our only claim is against the skins (zero assets, most likely), and then the skins have a claim against MPP, who is in a different jurisdiction than Tusk, basically we're in a huge mess.
This is why I want MGS to step up and say they are advocating for the players. At this point, we don't know if MGS will collect money ahead of players for fees or something that might be owed to them and actually make money while screwing the players.
The players need to get direct access to the liquidator, or the money will all be gone before we even know what's happening. This is what I would suggest guys with 100K+ be looking into. Probably should be an Aussie attorney with experience dealing with Vanuatu offshore corporations.
Well That is a great post and i have been talking to lawyerS for a while now. we have couple of problem to resolve first.
Who is holding the money TUSK/ FUZE/ MPP? this is a critical question that have not been answer by anyone. I have email the MGS few times and they are not telling me anything. So we have to figure out who has the money then we can proceed further..
Here is another response by my lawyer once i told him i can not pin point the company that withholds the fund:
"This is the logic. There is no escape from it.
1. You can sue the person who took your money.
2. First, you have to identify who took your money.
3. But, you don't know who took your money; you only know the identity of
some companies that you believe are associated with whoever took your money.
4. You have given money to someone who gave you a false name.
5. Therefore you don't know who you can sue.
5. Therefore you can't sue anyone in Australia.
An analogy. What you have done, is like giving money to someone who called
at your door, saying that they are friends with a known person. You don't
know who it was that you gave your money to, and for all you know they are
broke and living in a park, so there is little point in suing them. If you
try and sue the person that they claim to be friends with, that other person
will win and you will have to pay their legal costs, because it is not them
who owes you the money.
That is your problem. It is a big one. There are various legal tactics
whereby pre trial motions can be begun to try and identify the proper
defendant. The aim would be to try and obtain documents from persons under
subpoena, which hopefully will reveal who the correct party is. If you or
others, want to fund someone to do this, please let me know. But it does
not come cheap. There is a fair bit of work involved and there are no
guarantees. A preliminary Court proceeding like this could cost $10,000."
And as far as the money is being hold in trust or not. The document for GLO external expert report marks teh player purse on balance sheet with * and made a note that fund are hold in trust. But that was may 2006 and god knows what has been happen since then and how reliable is that report.
I am still contemplating what i should do at this point since there is no guarantee to get any money back even after occurring another 10K legal fees. There is no guarantee not to get all the money back by just waiting. I have the contact info of 22 people for the grand total of 385K plus a potential friend of someone who email me and said that he has 650K stuck. Email me
FundInTusk@hotmail.com if you wanna join the number.
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