Tullio Cofrancesco v Parramatta Leagues Club

[MarkInTheStands]

.....also makes you wonder what, if anything, he ever ran past the board.

What I find most amazing is that it was confirmed that the worked prescribed hadn't even been performed and no invoice issued.
The cheque was approved two days after the election was lost and one day before the new board took control. The previous board weren't consulted. :?

Suity

That is what makes you wonder, did fear finally come to Denis for all he has been saying over the past however many years, did he finally realise everything was coming back to bite him?

Karma is a bitch and indeed it is a slow bitch in this case but still.

 

[Suitman]

Spag said they were doing a full forensic audit. I guess this is the only thing they found.

So will there be criminal charges or not ? Still seems petty that the court case is all about membership IMHO. Call the cops in or back off I say.

Maybe further action will come later?
Is it the Boards job to take action of that sort?
Now that it is out in the open, is it clear that any law has been broken?
Not sure how all this works.

Suity

 

[Suitman]

That is what makes you wonder, did fear finally come to Denis for all he has been saying over the past however many years, did he finally realise everything was coming back to bite him?

Karma is a bitch and indeed it is a slow bitch in this case but still.

That's what I don't understand Mark. Doing what he did would surely only compound any problems of the past. :?

Suity

 

[Ollie Webb]

I think the forensic report may have established other issues, but the current board are keen to move on. Remember Fitzy was the one who took out an injunction when asked to front the PLC board.
Do people know who his 2IC was at PLC?
What else is there was covered up in the past 20-30 years?
Most companies/clubs have a director co-sign cheques, who signed the legal cheque from the past board?

 

[Jake the snake]

.....also makes you wonder what, if anything, he ever ran past the board.

What I find most amazing is that it was confirmed that the worked prescribed hadn't even been performed and no invoice issued.
The cheque was approved two days after the election was lost and one day before the new board took control. The previous board weren't consulted. :?

Suity

And some of the drama queens on here are worried about a leak. Now I know it's not good having leaks but fair dinkum the previous management of our club are no angels. These allegations against Fitzy are bordering on fraud. It makes you wonder what else has happened over the last 30 or so years under Fitzy and that old management.

Where is the moral crusader Raider Pete? What do you have to say now?

 

[Suitman]

And some of the drama queens on here are worried about a leak. Now I know it's not good having leaks but fair dinkum the previous management of our club are no angels. These allegations against Fitzy are bordering on fraud. It makes you wonder what else has happened over the last 30 or so years under Fitzy and that old management.

Where is the moral crusader Raider Pete? What do you have to say now?

Go Raiders is all he has to say.

Suity

 

[Suitman]

And some of the drama queens on here are worried about a leak.

Some of the drama queens on here have been looking for any disaster. tbh

Struggling, imo.
Suity

 

[MarkInTheStands]

And some of the drama queens on here are worried about a leak. Now I know it's not good having leaks but fair dinkum the previous management of our club are no angels. These allegations against Fitzy are bordering on fraud. It makes you wonder what else has happened over the last 30 or so years under Fitzy and that old management.

Where is the moral crusader Raider Pete? What do you have to say now?

We then go back to Mr Finlay's Forensic Audit, if something comes out against them then so be it. But the leagues club has been audited externally every year for it's existence, so if they find something, first it will be those that perpetrated it, then we will question if the board knew, then we will move to how didn't the Auditors pick it up.

But until then we can assume nothing. Just as we can assume nothing with Fitzy's action against the club.

My only question is, how much did we pay Mr Finaly, and his team of Auditors to come up with this $40,000 fraud? How much will it end up costing the club, and to what end? Will we get the $40,000 back? Will Fitzy be in Jail? How much will the club have spent?

 

[born an eel]

We then go back to Mr Finlay's Forensic Audit, if something comes out against them then so be it. But the leagues club has been audited externally every year for it's existence, so if they find something, first it will be those that perpetrated it, then we will question if the board knew, then we will move to how didn't the Auditors pick it up.

But until then we can assume nothing. Just as we can assume nothing with Fitzy's action against the club.

My only question is, how much did we pay Mr Finaly, and his team of Auditors to come up with this $40,000 fraud? How much will it end up costing the club, and to what end? Will we get the $40,000 back? Will Fitzy be in Jail? How much will the club have spent?

http://www.parraleagues.com.au/ContentFiles/ParraLeagues/Documents/InfoForClubMembers.pdf

IMPORTANT INFORMATION FOR CLUB MEMBERS
Members may view the register or the financial statements or receive a copy of the financial statements
by written request to the club.
This club is by law required to keep a register containing information that relates to the management and financial
administration of the club including:
1. A list of disclosures, declarations and returns made by the governing body and employees of the club.
2. The salary bands of the club’s top executives.
3. Details of the overseas travel made by the governing body and employees of the club.
4. Details of loans given by the club to employees.
5. Details of certain contracts executed by the club.
6. Salary details of club employees who are close relatives of a member of the club’s governing body or a top executive.
7. Details of the payments made by the club for consultant services.
8. Details of legal settlements made by the club with a member of the governing body or an employee of the club.
9. Details of legal fees paid by the club for a member of the governing body or an employee of the club.
10. The club’s annual gaming machine profit.
11. The amount applied by the club to community development and support.
AND
The club must prepare quarterly financial statements for the governing body that incorporate:
1. The club’s profit and loss accounts and trading accounts for the quarter, and
2. A balance sheet as at the end of the quarter.
Members may view the register or the financial statements or receive a copy of the financial statements
by written request to the club.
Director-General, Communities NSW


apparently all should be revealed if asked, but I very much doubt that much information would be let out and most would be withheld for some sort of legal reasoning.

 

[Maroubra Eel]

We then go back to Mr Finlay's Forensic Audit, if something comes out against them then so be it. But the leagues club has been audited externally every year for it's existence, so if they find something, first it will be those that perpetrated it, then we will question if the board knew, then we will move to how didn't the Auditors pick it up.

But until then we can assume nothing. Just as we can assume nothing with Fitzy's action against the club.

My only question is, how much did we pay Mr Finaly, and his team of Auditors to come up with this $40,000 fraud? How much will it end up costing the club, and to what end? Will we get the $40,000 back? Will Fitzy be in Jail? How much will the club have spent?

Even if the audit did cost more than any fraud found it's money well spent. You can't allow fraud, and it serves as a warning to anyone who is thinking of any wrongdoing.

It would be strange the previous auditors didn't uncover anything untoward. Although was the alleged fraud only recent?

 

[Suitman]

http://www.parraleagues.com.au/ContentFiles/ParraLeagues/Documents/InfoForClubMembers.pdf

IMPORTANT INFORMATION FOR CLUB MEMBERS
Members may view the register or the financial statements or receive a copy of the financial statements
by written request to the club.
This club is by law required to keep a register containing information that relates to the management and financial
administration of the club :
1. A list of disclosures, declarations and returns made by the governing body and employees of the club.
2. The salary bands of the club’s top executives.
3. Details of the overseas travel made by the governing body and employees of the club.
4. Details of loans given by the club to employees.
5. Details of certain contracts executed by the club.
6. Salary details of club employees who are close relatives of a member of the club’s governing body or a top executive.
7. Details of the payments made by the club for consultant services.
8. Details of legal settlements made by the club with a member of the governing body or an employee of the club.
9. Details of legal fees paid by the club for a member of the governing body or an employee of the club.
10. The club’s annual gaming machine profit.
11. The amount applied by the club to community development and support.
AND
The club must prepare quarterly financial statements for the governing body that incorporate:
1. The club’s profit and loss accounts and trading accounts for the quarter, and
2. A balance sheet as at the end of the quarter.
Members may view the register or the financial statements or receive a copy of the financial statements
by written request to the club.
Director-General, Communities NSW

apparently all should be revealed if asked, but I very much doubt that much information would be let out and most would be withheld for some sort of legal reasoning.

Why, if it is required by law to be otherwise?
Go for it buddy!!

Suity

 

[born an eel]

Even if the audit did cost more than any fraud found it's money well spent. You can't allow fraud, and it serves as a warning to anyone who is thinking of any wrongdoing.

It would be strange the previous auditors didn't uncover anything untoward. Although was the alleged fraud only recent?

this has been known for a while now and was in the 2009 report that was released in march.

Non-Directors’ Transactions with the Company
Denis Fitzgerald former CEO of Parramatta Leagues Club Limited owes $45,416 in regard to legal costs to be reimbursed which is
included in the trade and other receivables. http://www.parraleagues.com.au/ContentFiles/ParraLeagues/Documents/AnnualReport2009.pdf
.

 

[Suitman]

this has been known for a while now and was in the 2009 report that was released in march.

Glad that's cleared up then. :?

Suity

 

[Suitman]

this has been known for a while now and was in the 2009 report that was released in march.

Are you and Maroubra talking about the same thing?

A snippet from the judgement is as follows:.........

[11] One of these allegations and findings was “facilitating the payment to F.W Ewart and Ewart of (at least) $39, 000 on or about 4 May 2010 in circumstances where Mr Cofrancesco knew or ought to have known those payments were unauthorised or even if authorised were paid in breach of section 10(1)(i) of the Registered Clubs Act”.

The dates don't seem to correalate.

Suity

 

[born an eel]

as it was happening around the election, it would be may 2009. Just goes to show you can't believe all you read even in fairwork australia rulings. Should be easy to appeal the decision as there will be no record of a cheque for may 2010.;-)

 

[Suitman]

as it was happening around the election, it would be may 2009. Just goes to show you can't believe all you read even in fairwork australia rulings. Should be easy to appeal the decision as there will be no record of a cheque for may 2010.;-)

If that's the case, it won't be hard to prove the cheque was actually dated around May 2009 then, I would think.

BTW, I'm just just guessing that the report was a typo, but hey, you may know better.
I've got absolutely no inside info, but would suggest that the judge knew what/where/when why/how he was talking about.

Suity

 

[born an eel]

I only know what is available on the web, and connecting the dots.

I would also expect it to be a transcript typo and not in the official ruling, otherwise there probably would be a chance of appeal, stupid as it would be (from what is written I am surprised Tullio challenged the dismissal in the first place).

I recall a criminal case that was appealed after a document was quoted as being stapled to another but was in fact only a paper clip.

 

[Suitman]

I only know what is available on the web, and connecting the dots.

I would also expect it to be a transcript typo and not in the official ruling, otherwise there probably would be a chance of appeal, stupid as it would be (from what is written I am surprised Tullio challenged the dismissal in the first place).

I recall a criminal case that was appealed after a document was quoted as being stapled to another but was in fact only a paper clip.

:lol:

Mate, I'm only going on what I read around here and in the media.
The SMH report was pretty damning today. I'd trust that they, as well as the judgement on the Tullio case, got their facts correct.
I'm not going to argue semantics over a misrepresented date.

I assume that we all know when the alledged misdemeanour took place.

Suity

 

[ParraAds]

Meh... he was lucky to ever be promoted to CEO anyway.

 

[Bigfella]

Spag said they were doing a full forensic audit. I guess this is the only thing they found.

.

Says it all really.

You "guess" the result of a full forensic investigation, and find in favour of guess who.

Why did they pay for a forensic audit when they could have asked you to guess?