THE ALLIED BRANDS RATBAGS RUN, BUT THEY CAN'T HIDE

Senior management at Allied Brands, Baskin Robbins, and Cookie Man are all trying desperately to find other employment, a difficult task considering how many crooked operators it took to take down Allied Brands and these related brands.

One story today about "brand manager" Jack Sakalis is worth watching. Sakalis was among a group of ex-Wendy's executives scraped together by disgraced ex-CEO Sean Corbin who were integral to the colossal failure of these brands. Sakalis was considered the "mystery manager" by most Baskin Robbins franchisees - he's the brand manager NO ONE ever saw. Even his so-called memos were signed by others. IS THIS THE KIND OF EXPERIENCE BEING OFFERED BY BUSINESS DEVELOPMENT GROUP?

And yet Sakalis, along with Tony Cavanagh, Brett Amis, and Peter Graham were all apparently in on the 457 Visa scheme which is known to have defrauded South Koreans and Indians expecting a profitable Baskin Robbins or Cookie Man shop, along with their families and children attending Australian schools.

You've got to wonder if his new partners at Business Development Company are aware of how much trouble it will be as criminal charges are laid by the Commonwealth against those who were defrauding these franchisees and the government?

ADMINISTRATOR STALLING CREDITORS MEETING, ABQ BOOKS A SHELL GAME, CRIMINAL INVESTIGATIONS CONTINUE

Reports this morning indicate administrators from Vincents Accountants in Brisbane (one of whom is a former workmate of Allied Brands chairman Lachlan McIntosh) have asked a Queensland Supreme Court to "delay" their second creditors meeting over a month, to at the earliest January 19, 2011.

Vincents have told the court "The investigations to date revealed the company's affairs are intertwined with Allied Brands Group, which, in turn, has around 26 subsidiaries from which numerous inter-company transactions and loans have ensued", they said in a statement on Monday.

It's called "the old shell game", Vincents. It's what corrupt companies do to try and hide all their illegal activities - moving money from place to place so that no one can figure out what's going on.

Vincents would seem to have little experience in forensic auditing of companies this large that have failed due to criminal activity.

So why are they continuing their attempts to unravel this debacle? The court needs to look at appointing an administrator with greater experience and fewer ties to the company they're investigating!

Company debts are now said to run over $19 million, over double from the company's original statements.

As Allied is essentially now not running as a company, with most of the employees sacked, we don't have so much inside information coming into the blog now. However we're aware that the ASIC and ASX have wide-ranging investigations of the directors and other "insiders" running.

And perhaps administrators are now chasing the $750k "sweetheart loan" from Allied Brands (when Shane Radbone was CEO) to Shane Radbone and Victoria Elise Radbone. This loan is unpaid, in default, and was by many accounts likely illegal when it was made. It was made at the same time ABQ stopped paying employee entitlements and superannuation.

How about it Shane and Victoria, where's our dosh? What about the hardworking employees of this corrupt company? Do they deserve to be swindled, too?

ALLIED BRANDS (ABQ) ADMINISTRATOR REPORT CONTINUES TRADITION OF A COMPANY OF LYING ARSEHOLES

Administrators Peter Dinoris and Peter Biazos of Vincents Accountants have filed their first report with the ASX regarding Allied Brands (ABQ) and related companies.

Questions in this report are rampant.

• "Winding Up" proceedings have been filed by a vendor known as "Coco Design Investments", an action that may make the rest of these proceedings irrelevant.

• The "background" section, said to be from CEO Sean Corbin (although there is no record of Corbin being appointed to anything but interim CEO) lists numbers of shops owned and franchised radically different from the annual report. The new reference to Corbin as CEO may signal the director's sleazy plan to dump everything in his lap. Wonder how that works out with the criminal charges coming for the "Korean Visa Scam" that happened prior to Corbin's arrival!

• Registered charges show, as previously alleged, a relationship with PPK Group Ltd. director Raymond Beath that is a likely conflict of interest with the ABQ investment by PPK.

• The "Declaration of Independence" filed by Vincents makes no mention of Peter Biazos being employed by Korda Mentha Brisbane co-incident with ABQ Chairman Lachlan McIntosh. This stinks.

• The Administrators have hired Andrew Crook at "Crook Publicity" for media releases. Some things are too funny for words. Do these Crooks need any more publicity?

Clearly the deception continues all the way to the grave.