SCAMMER HEAL GROUP NOW LATEST BANKRUPTCY IN ALLIED BRANDS DEBACLE

Shane Heal & Allied Brands Ltd.  On paper, a marriage made in heaven.  ABQ, a company run by scammers, washed-up sporties, and shameless self-promoters - meets a washed-up basketballer and shameless self-promoter.  At the Gold Coast, this is a recipe for scammer success, as Grahams have gotten away for years.


It's no surprise that Shane Heal's company Heal Group has now been the latest scammer company bankruptcy in this continuing saga.  


Many opined that Shane Heal and his partner Jimmy Williams were out-manueovered by the seasoned scammers at Allied Brands when they were sold a "master developer" agreement at the same time ABQ was already in their death spiral.  This scammer group was then run by another failed sportster, Shane Radbone.  Heal paid big to get in on the last days of what a blind man could see was the end of Allied.  Too stupid to do even minimal due-diligence, Heal has proven to be too stupid for words.  


This blog has repeatedly warned new investors off Allied Brands and the Heal Group, most recently just two months ago.  With the internet now finally "levelling the information playing field", scammers like Heal Group, Allied Brands, and their managers are finding it difficult to find new battler victims to pump money into their worthless, crooked schemes.


With Heal's basketball broadcasting career failed as a media laughingstock, his basketball coaching attempts a sad joke, and now his failed attempt at ice cream and hamburger vendor, we all look forward to hearing Heal's next words:  "Do you want fries with that?"


UPDATE:  bloggers receiving email threats are protected by Australian law - you can't defame a company.  Heal Group and their affiliated companies have filed for bankruptcy, hiding behind Allied Brands in their press release.  That's tells you all you need to know about this COMPANY, and perhaps about the owners as well.  Like all blogs we encourage readers to send in corrections and comments should we have some facts from other media in error.  

ROGUE LIQUIDATOR KORDA MENTHA QUESTIONED ABOUT SHADY DEALINGS AT ALLIED BRANDS, ANSETT

Liquidators KordaMentha are under new scrutiny as they claim to have closed out the Ansett Airlines liquidation.  KordaMentha, paid tens of millions in this action, have refused to produce eight years of accounts from the Ansett Group to ASIC or the courts.


KordaMentha have a long history at withholding financial information from the public record, and ASIC and the government have been powerless to get compliance with the law by this firm.  


"It's all a farce" claim reviewers of the liquidation.

KordaMentha is the secret home to Lachlan McIntosh, the Chairman of Allied Brands Ltd. (ABQ) as the company stole from migrants, falsified records to the Department of Migration, ripped off franchisees, and defrauded their suppliers.  McIntosh is said to be a "business recovery specialist - he sure made quick work of ABQ, from a company in distress under the Peter & Trent Graham family, to bankruptcy in short order.  

McIntosh has had his bio "hidden" on the KordaMentha website due to his participation in this farce.  This has enabled this blog, and other reports of McIntosh's dodgy reputation, to be easily found by anybody thinking about retaining the services of this dodgy liquidator.

BASKIN ROBBINS AUSTRALIA SUFFERS AS DUNKIN BRANDS BEGINS MANAGEMENT IMPLOSION

LOOKING DAPPER IN HIS NEW SILK SUIT, HE'S
SILL GOT ALMOST $5M IN CASH LEFT

The future of the "rescued" Baskin Robbins franchisees in Australia looks to be in jeopardy as Dunkin Brands, now a public company, (DNKN), looks to be shedding Baskin Robbins and other management under Nigel Travis's watch.


Insiders indicate that many of the senior executives who've now left in disgust were among a large group of senior executives denied their own "free shares" from the float.  These rumoured executives include Srini Kumar, with Baskin Robbins some 20 years and the shock sacking of Neil Yanofsky who was in place only four months before getting the sack.  Both of these executives had Australia as one of their key tasks.  Neither was granted stock bonuses by Travis, which apparently led to their departures.


Of the most concern has been the "run for the door" as executives, given stock options that apparently had no "quiet" period, have universally begun to "cash out" of Dunkin Brands.  This includes Travis, who's given himself a nice $5,000,000 pile of cash for Chrissy, as well as Chairman and known franchisee abuser Jon Luther who pulled his $10,000,000 share out of the newly-public firm!  Luther is now running Arby's, a marginal US fast-food chain.  There hasn't been one management "buy" of DNKN since the float.  Guess these insiders know what the likely direction of the shares and company is going.  DOWN.

And the results of this management inattention and consumer overpricing (which has mostly taken down competitor Cold Stone), is evident in the stock analyst reports now.  And many consider Dunkin to be on a long slide to collapse, with Baskin Robbins leading the way.


None of this bodes well for the poor franchisees in Australia, or elsewhere.  

BLACK HAND TONY CAVANAGH BOUNCED FROM TIMEZONE AS PREDICTED, NOW WREAKING HAVOC AT EAGLE BOYS

TONY CAVANAGH, AT A RECENT
EAGLE BOYS CONFERENCE

One of the key architects of the Allied Brands Ltd. (ABQ) and Baskin Robbins Australia collapse was general manager and COO Tony Cavanagh.  Cavanagh, previously responsible for collapse of business at Wendys, fast talked his way into a management position at game franchise Timezone.  After the offshore owners of Timezone got a whiff of the putrid stench coming off this guy, his sorry arse disappeared. Cavanagh even removed this employment  from his LinkedIn CV.


Cavanagh has now slimed his way into the mismanaged Eagle Boys Pizza franchise.  Eagle Boys has sharply declined in the market after megalomaniac Tom Potter was pushed out, and huge numbers of Eagle Boys franchisees have their shops up for sale.


His first task at Eagle Boys is to order a major refurbishment at the chain.  When this was done at Allied Brands, architects, shopfitters and others in the process reported that "kickbacks" to ABQ were required to work on these projects.  This had the result of inflating the cost of these improvements from 40%-60% or more!  Cavanagh would tolerate no deviance from the selected contractors.  This is reportedly the process now underway at Eagle Boys.  Are kickbacks being paid there too?


Cavanagh is also again in daily intimate contact with failed marketing staff Chanah Mulawa and Michelle Elgindi.  Hope Eagle Boys have notified their HR solicitors!  Likewise the 457 Visa Scam was conducted under Cavanagh's watch.  


All of this great news for Pizza Hut, Domino's, and Pizza Haven.

HEAL GROUP CLAIMS OF SKILLED FRANCHISING REFUTED BY FACTS

During the last year of the Allied Brands collapse, the defrauding of franchisees was assisted by the Heal Group Company, who paid cash to ABQ executives in order to sell shops on their behalf in the over saturated Brisbane market.

The Heal Group has now got the same kind of deal with Urban Burger, one of a dozen new burger bar franchises being touted in Australia.  The failure rate of this kind of business is extraordinarily high - in some cases more than 85% of these shops fail in the first two years due to high costs, crippling franchisee fees, and lack of a viable business model.

The current pricing of a new Baskin Robbins franchise since management was assumed by the US-based Dunkin Brands dropped to the $200K range from what the Heal Group was expecting - Heal Group still has a non-performing location in Morayfield for sale at $385,000, down from the original $440,000 it was demanding.  Current pricing of Baskin shops across Australia is now $220,000 or less, with Dunkin rightfully pointing out that a franchise company business model should not require the sale of shops for more than they cost to fit out.  The Heal Group shop at Morayfield is already proven to be a dog, but that doesn't stop them from hoping for a victim they can offload it on.

The Heal Group is one of the current group of "rogue franchisors" who sell franchises with fast talking salespeople, flashy promises, and in this case a has-been basketball player "celebrity"  - the exact formula that collapsed Allied Brands and their has-been footy player   Shane Radbone.  Heal often touts his American NBA experience, when in fact he was a bench player with lousy stats and a failed NBA career.  And Shane Heal like his mentor Shane Radbone is focused on his "motivational speaking career", an activity that doesn't take kindly to executives from corrupt companies.


Urban Burger is destined to fail.  Potential franchisees should run, not walk away from this disreputable Gold Coast-based company.  

"SHANE RADBONE" NOW MOTIVATIONAL SPEAKER LAUGHINGSTOCK AT 7-ELEVEN AUSTRALIA

SHANE RADBONE CHEATING LITTLE CHILDREN
AND POCKETING THE CASH?

Shane Radbone, the CEO who was directly responsible for the criminality and ultimate collapse at Allied Brands Ltd (ABQ) has seen his reputation collapse as a result of his the corrupt operation of Allied Brands.  


Hiring errors at Australia's 7-Eleven company saw him appointed to the COO position at this company.  Reportedly their HR department didn't check his CV before recommending him, and they've now discovered their error.  7-Eleven franchisees however have been having a field day with emails circulating among them about his actions at Allied Brands and elsewhere.  He's 7-Eleven's biggest inside joke!


Likewise Radbone has seen his speaking engagements dry up as word of the Allied Brand's exploits become widely known.  Even many of his former Adelaide friends are steering clear of these people.  Shane and his wife Victoria Elise Radbone have still failed to pay back what many believe was a fraudulent loan to purchase Allied Brands shares, which of course are now worthless.  With interest, now approaching $1M.  About 1/3 of the cash missing from this company. 


Shane Radbone, in desperation, has hired an internet consultant in an attempt to mask his past.  The consultant has persuaded Radbone to put the same "self-promotion" website up under different web addresses, in the misguided idea that this will fool Google to show only these fraudulent, positive results.


As anyone knows, Google's smarter than Shane Radbone.  In fact, a used tampon is smarter than Shane Radbone.  

EX-MACCA'S CEO COMPARES BASKIN ROBBINS PROFIT MODEL TO THE BANKRUPT KRISPY KREME

23 year veteran of McDonalds Australia, Merrill Pereyra, has warned punters away from Baskin Robbins in Australia, comparing the failed profit model at Krispy Kreme donuts to Baskin Robbins in Australia.


STORY IS HERE


He points out the same issues franchisees in Australia have had over the years - "The franchise model must be geared to sales sustainability and supporting the franchisees to gain a return on investment as soon as possible"


A completely contrary condition to the current Baskin Robbins franchisees around the country.   

DUNKIN BRANDS ATTACKS INCOME OF AUSTRALIAN SHOP OWNERS BY KILLING CUSTOM BASKIN ROBBINS CAKES

Several Baskin Robbins franchisees have been gobsmacked with the order from new USA management that they will shortly be unable to produce custom ice cream cakes for their customers.  This is being done to push the sale of factory pre made cakes shipped to Australia by Dunkin Brands from their factory.


The sale of custom cakes has been much of the income for many shop owners in especially in regional areas right around the country.  


The factory cakes are said to be impersonal and carry higher profits for Dunkin and lower profits for the shop owners.    This would look to be the new face of the brand management; stripping more from the franchisees to compensate the investors of this now public company in the USA.  Dunkin has been raising prices to the franchisees in the USA at both Dunkin Donuts and Baskin Robbins despite supplier pricing cuts.  Venture capital companies are still stripping money from the battlers and giving it to the under taxed rich people in the USA AND Australia!

DUNKIN BRANDS USES AMERICAN-STYLE TRICKS AGAINST THEIR LONG-SUFFERING BASKIN ROBBINS AUSTRALIA FRANCHISEES

While most Australian Baskin Robbins franchisees breathed a sigh of relief when the Allied Brands (ABQ) criminal enterprise went pear-shaped last October, many are now writing that Dunkin Brands (DNKN), who are operating the chain now directly from the USA, are proving just as ruthless at stripping money from the franchisees for product costs.


While some imported supplies have dropped slightly in price, ice cream pricing now direct from Dunkin has not declined despite the removal of Allied Brands from the supply chain, and the Australian dollar rising from 85 cents to now over $1.07.   With Dunkin now a public company in the USA (DNKN on the NASDAQ), their first report to the market, issued in part to paint a "rosy" picture and jack up the share price, discussed the massive profits being made in markets like Australia.


And with a business model that didn't work for most franchisees under Allied Brands, most expected some relief from the price paid to Dunkin directly for what used to come from a third party.  And if this isn't enough, Dunkin is now running a PR campaign to jack up the price further to Australia and other markets!


US franchisees have been given a report similar to that given to Coldstone franchisees that supposedly "justifies" the massive price increases.   This report has been refuted by most in the ice cream business, but clearly international locations like Australia, supplied directly from the USA, are going to get the worst of this mess.


The same issues that confounded Allied Brands (ABQ) are now in play with Dunkin - now a public company, with majority Ventura Capital owners who are using the public entity to cash-out big.  The same Venture Capital vultures that so thoroughly trashed the world economy two years ago.

They should go to hell.












With the Australian Baskin Robbins now trying desperately to grow the franchise numbers under the pressure of these Venture Capital criminals, it's hard to see how the 15 years of bad history and their disinterest in profitability are going to result in new Australian shop owners.

7-11 MANAGEMENT DISCOVERS THEIR TRAGIC MISTAKE WITH SHANE RADBONE, AS DOES TIMEZONE WITH TONY CAVANAGH

SHANE RADBONE AT HIS NEW JOB

Former Allied Brands Ltd. (ABQ) CEO Shane Radbone and his wife Victoria Radbone have continued to shun the repayment of their close-to MILLION DOLLAR sweetheart loan made to them while he was CEO.  Yes, essentially he signed-off on a loan to HIMSELF.  Radbone has been confronted with this ABQ larceny by franchisees at his new employer, 7-Eleven Australia and some of the 7-Eleven franchisees.  Radbone has already made some moves to erode 7-Eleven franchisee profitability, the same job he had at ABQ which resulted in the collapse of the company.  Anger has mounted with 7-Eleven CEO Warren Wilmot apparently shouting mad at HR Manager Michael Phillips who was charged with "checking Radbone out".  Something he now has discovered.  


Likewise one of the key "black hands" in the destruction of Allied Brands Ltd. was Tony Cavanagh.  Cavanagh too was able to secure another position on the other side of the continent in Perth, where he found a company too ignorant to run even a cursory check on his bonafides.  The LAI Group has brought Cavanagh in to fuck over the businesses of TimeZone franchisees, who are facing a virtual collapse of their business not unlike the video biz.   


Both of these men are the subject of active criminal investigations at ASIC and the ACCC for their actions in the collapse. 


One other "black hand" is reported to be hiding out in Fiji, attempting to stay out of the public eye in the hope he won't also be the subject of criminal indictment.  Investigations into this report continue and some further information should be available soon.

NEW PERTH SKANKS MOVE IN ON ALLIED BRANDS SHELL - CREDITORS TAKE IT UP THE ARSE - THE FIX IS IN WITH STILL NO ACCOUNTING FOR THE MISSING MILLIONS STOLEN FROM ABQ

Vincents Accountants, the "independent" administrators of the collapsed Allied Brands Ltd., (ABQ), yesterday allowed a reorganisation bid from Perth solicitor Roger Steinpreis to move forward. "NO" voters claimed the meeting was "rigged" with many of the creditors failing to show after a continual stream of scheduled and cancelled meetings by Peter Dinoris.

Steinpreis, name partner at Steinpreis Paganin lawyers, are known purchasers of ASX "shells" for which to back in a new company, many in the resources business. Steinpreis, along with cohort Richard Poole, is oft described as "less than reputable", to be kind. Much of the Steinpreis proposal (Blueknight Corporate Pty. Ltd., directors Steinpreis and Paganin) hinges on MORE capital raising for ABQ (a company that has allowed previous capital raising to disappear into director pockets) with the plan to use the money to SUE the billion dollar parent of Baskin-Robbins, Dunkin' Brands! Steinpreis and associates also control another virtually failed ASX-listed company, Apollo Consolidated Ltd. (AOP).  Once these shares were worth .50, now they're less than a penny at .006.  More business genius at work!

One reading of this blog which catalogues the day-to-day criminal activities of Allied Brands over the last several years has lawyers around the world collapsing in fits of laughter at the thought of such an action. Even with two of the henchmen in this ABQ fraud machine canned by Blueknight (Lachlan McIntosh and Peter "I'm outta money" Graham), the chance of any legal actions against Dunkin' Brands being successful is absurd.

So you've got to wonder what's really going on when one group of dodgy investors (Blueknight) replaces another (Allied Brands), with the cooperation of the administrator (Vincents).

SPY INFILTRATES BASKIN ROBBINS IN SEARCH ORCHESTRATED BY ABQ DIRECTORS

With a new report just released by the Allied Brands Ltd. (ABQ) Administrator Vincents, soon to be liquidators, one of the reorganisation proposals has come from failed ABQ directors Peter Graham, Lachlan McIntosh (also director at Korda Mentha), and dudded Cookieman Peter Elligett.

Elligett has lost Cookieman in the collapse to US-based cookie giant Mrs. Fields, so he's hitched his star to the other two dodgy directors.

The director's proposal to Vincents is built on the idea that they would finance a lawsuit against billion dollar behemoth Dunkin' Brands after losing the Baskin Robbins brand. This despite the fact that Peter Graham personally ran Allied into the ground not once, but twice in the last ten years, both times getting "bailed out" by Dunkin largess! This despite the fact that Graham would have over 100 Baskin Robbins franchisees lined up to tell their tales of fraud, deception, deceit, and lies at the hands of Graham, McIntosh, and others. What hubris drives these crooks?

The director's DCA also had as a requirement a release of the directors from "all claims and liabilities" - essentially Graham and McIntosh, who have every right to expect prosecution for crimes, wanted a "get out of jail free" card. Which these two wealthy men are willing to pay for in their shady plan to "sue" Dunkin' Brands!

We've learned however is a spy has been employed by new management at Baskin Robbins Australia who is systematically funnelling information back to the Graham/McIntosh/Elligett group. The proverbial "nigger in the woodpile". This shows only the depths of immorality that caused the destruction of so many families and investors in the brands, and Allied Brands Ltd. Graham and McIntosh in particular are set to be prosecuted for their criminal actions, along with senior henchmen. They're not going to be ruining anyone's lives again anytime soon, and hopefully will be some ATSI brother's jailhouse bitch.

Let the hangings begin!

GRAHAM FAMILY RUSHES TO FIND NEW FRANCHISES TO CONTINUE THEIR DISCREDITED OPERATIONS ON THE GOLD COAST

Original owners of the Baskin Robbins brand in Australia have been contacting the owners of US brands currently unrepresented in Australia, as part of the "buyout" plans being fronted to the Allied Brands Ltd. (ABQ) liquidators.

Peter, David, and Trent Graham are said to be working the phones trying to secure a base of franchised businesses they can use to begin exploiting Australian and Asian suckers again.

Word is that three brands in particular have been targeted - Cold Stone and Maggie Moo, US brands similar to local Australian brand Cold Rock, and biscuit and cupcake purveyour Otis Spunkmeyer.

The Cold Stone execs knocked back the Allied Brand crooks right away. The others are currently being contacted to ensure they're aware of what's gone on here. With meetings of the creditors being delayed again until 28 June, Vincents Accountants look to be looking for some deep pocket to at least ensure the bankrupt ABQ can pay the administrator's fees. It's now a race between the crooks and the crooks to see who ends up controlling this dead shell of a company.

ASIC RECOMMENDS FIRST TWO CRIMINAL PROBES FROM ALLIED BRANDS LTD (ABQ) FRAUD

Preliminary investigations being done by ASIC into the financial affairs of Allied Brands and related collapsed entities have moved two cases to the Criminal Investigations Team in Brisbane.

Sources indicate that these first two investigations are targeting Beath Investment Services Pty. Ltd., a front company for Raymond Beath - a director at PPK Group Ltd. as well as Holden & Bloster Avenir Chartered Accountancy, and Kathlac Pty. Ltd., a superannuation trust in favour of ABQ Chairman and Korda Mentha director Lachlan McIntosh.

The case against Raymond Beath is said to involve his personal investment of almost $6 Million into ABQ with a "guarantee against loss", while at the same time investing shareholder funds from PPK Group without such a guarantee, and without disclosing his his "sweetheart" arrangement. Apparently the PPK Board was told "Beath Investment Services believes this is a great deal for PPK". PPK has written off its entire investment in ABQ.

Lachlan McIntosh is going to be an especially interesting case. As a licenced liquidator himself, he's expected by ASIC to have a higher fiduciary duty than an inexperienced director. Charges of Trading while Insolvent are under scrutiny, as well as diversion of company assets. What mom & pop would call "common theft". McIntosh stands to lose his professional credentials when convicted.

More work is still underway by ASIC, and more criminal investigations are said to be "likely" given the level of widespread fraud at the company. We're expecting charges to be laid against the ringleaders, Tony Cavanagh and the fat bastard himself, Peter Graham.

VINCENTS IGNORES HIDDEN ABQ ASSETS - LOOTED FUNDS PUMPED INTO ESSENTIAL GROWTH PTY LTD

In late 2009 as Allied Brands was obviously failing internally, three Baskin Robbins managers decided to exploit the situation by "skimming the cream" of new shop sales. In cahoots with senior management including million dollar deadbeat Shane Radbone (and wife Victoria) on the scam, managers Tony Cavanagh, Brett Amis, and Trent Graham formed a company "Essential Growth Pty Ltd" to sell Baskin Robbins shops. The ACN of this venture is shown by ASIC as 137 983 521.

The purpose of this scam was two-fold. It allowed Allied Brands to "distance" itself from the growing number of complaints, lawsuits, and the previously reported "Korean Visa Scam" in new shop sales. ABQ was at this point starved for cash, and like many sick franchisors depends on "new suckers" to buy shops in unviable locations. By letting these managers to sell these dud locations under a non-ABQ entity, while pretending to be acting for Allied Brands, Radbone and Peter Graham hoped to shield ABQ from the complaints of these franchisees when the shops failed. Putting his son Trent in as a "partner" was done for obvious reasons.

Secondly the scheme removed all the unsold shops from the ABQ balance sheet, where they had clearly become a huge question from the shareholders. One of them, at the Oasis Centre across from Jupiter's Casino at the Gold Coast, was pocketed by Brett Amis.

Several of the shops built under this scheme have already been closed with franchisees dudded upwards of $300k each. Several more of these shops are in locations destined to fail, with franchisees struggling to hang on. These shops were constructed with cheap fitouts and fittings, and franchisees have been told by new management that much of it will need to be replaced to "comply with standards".

And reports indicate that at least one of the "Missing Baskin Robbins" cars, which Vincents hasn't been able to find, is sitting in the garage of one of these "Essential Growth" directors. The only "Essential Growth" in this scam was the cash filling up these Baskin Robbins management employees.

Why has Vincents failed to pursue this missing assets? Has chairman Lachlan McIntosh (already known to have worked with one of the appointed administrators) been involved? Or is this a continuation of the looting of this company that began under the tutelage of the first management, the Graham family?

Despite repeated notices to ABQ administrator Vincents, no attempt has yet been made to recover the ABQ assets transferred to Essential Growth in this scheme. Estimates indicate upwards of $2 million has gone missing into these dodgy dealings alone.

ALLIED BRANDS ADMINISTRATOR THROWS IN THE TOWEL FOR QUICK CASH, REFUSES TO CHASE MILLIONS MISSING FROM ACCOUNTS DUE TO "LACK OF FUNDING"

Allied Brands Ltd (ABQ) administrator Vincents has issued their long-stalled report on the debacle that caused the collapse of this company at the hands of morons, thieves, and charlatans.

While some of the report has been reviewed in today's Sydney Morning Herald, it is so packed with stupidity and absurdity that the depth of the corruption at this company is truly breathtaking.

MISSING TRUST FUND MONIES

Despite repeated attempts by Baskin Robbins franchisees to get the required ACCC accounting for the last two years TRUST FUND for advertising, Vincents has ignored their fiduciary duty in producing this report (which was due to the ACCC prior to the collapse of the company).

In this fund, over $1 million is estimated missing. Stolen by the trustees. Looted by the company. WHERE IS THIS MISSING MILLION?

WHY ALLIED BRANDS COLLAPSED

An unnamed director has claimed (5.5) that the collapse of Allied Brands was caused by the cancellation of the Baskin Robbins Master Franchise agreement. What bullshit! ABQ had a long history of failing to live up to the requirements of this agreement (reference this blog) and for at least six months prior had been unable to even provide stocks of ice cream to franchisees, many of whom sourced unbranded product in order to stay open.

This "unnamed director" should be tested for drug use immediately.

And the non-payment of company owned shop employees as well as their superannuation was a material breach of the agreement.

MISSING ASSETS

As shown in the report (5.11) and reported previously on this blog, there are vehicles owned by Allied Brands still being driven around town by ex-employees including the Grahams.

LOANS TO DIRECTORS

In a new twist, loans made by the company to directors (including Peter Graham and Shane Radbone) are disputed by them despite records including company reports to the market acknowledging these loans. Apparently you can just tell the administrator "not my problem", and the administrator goes away! Additionally, Graham, who lives in multi-million dollar accommodations, drives luxury sports cars, and spends his time drinking fine wines while dining at exclusive Gold Coast digs has claimed, in a statutory declaration, "he does not have the financial capacity to satisfy this $167,841.95 claim against him"!

What a fucking criminal liar this guy is! Why hasn't Vincents called the cops?

INVESTIGATIONS

Despite two court orders allowing Vincents "more time" to conduct investigations, their report is filled with "I am not in a position to comment", and the even more disgusting "I am without sufficient funds to attend to further investigations".

The moral? When you bankrupt your company make sure you leave nothing, so that the liquidators can't investigate your criminal activities.

CREDITORS AND OTHERS ATTENDING THE MEETING CALLED FOR 19 APRIL 2011 SHOULD VOTE NO ON THE PROPOSED DEED OF COMPANY ARRANGEMENT. ALL ADDITIONAL MONIES OWED TO THE COMPANY TO BE DIRECTED INTO PROSECUTION OF THESE CRIMINAL THUGS.

DUNKIN CEO TRAVIS ATTEMPTS TO SELL MORE SHOPS IN MARKET WHERE FEW MAKE MONEY

Baskin Robbins franchisees, who've been thru 2+ years of hell from Allied Brands Ltd. (ABQ), were feted this week by Dunkin CEO Nigel Travis and interviewed by Smartcompany.com, the same internet news site that first confirmed the Korean and Indian visa scam being run by executives at ABQ.

Travis claims that the 80+ Baskin Robbins franchisees are relieved that he's come to the rescue. This is in conflict with information provided to this blog, where franchisees have said that the company has failed to address the high-cost legacy of Allied Brands, have failed to assist in the missing $1,000,000 of advertising funds that can't be found, have refused to cooperate with ASIC and ASX investigations into ABQ, and other serious issues.

And we have reports that shops are still closing, with two gone in the last two weeks.

Unless positive steps are taken to address the issues that drove this company into a ditch it's unlikely that new franchisee suckers are going to be found to invest in this brand.

ABQ administrator Vincents has yet to have the first creditors meeting, getting almost six months in extensions from the court in Brisbane with no discernible reason and no end in sight. When will the dudded and defrauded Baskin Robbins, Cookie Man, Awesome Water, Kenny's, and other franchisees see some of these crims charged??

FAILED MANAGEMENT FROM ALLIED BRANDS SHANE RADBONE AND JACK SAKALIS NOW REAPING HAVOC AT NEW UNSUSPECTING FRANCHISE COMPANIES!

Two of the key executives implicated in the Allied Brands Ltd. (ABQ) collapse are Shane Radbone and Jack Sakalis. Sakalis was appointed Baskin Robbins Brand Manager shortly after Radbone became CEO in July 2009.

It was under these two executives that the collapse of Allied Brands was instigated and managed. The "Baskin Robbins Visa Scam" occurred under the watch of these two executives. Both are being investigated by the Department of Migration for this fraud, that saw Korean and Indian families given phony 457 visas with the company claiming they were "marketing professionals". Instead they had just been sold known dud locations, stripped of several hundred thousand dollars, and ultimately deported by the Australian government.

It was also under these two executives administration that over $1,000,000 in advertising trust fund money has gone missing - a serious allegation that has the ACCC and ASIC investigations underway, with the Queensland Police Service fraud squad also engaged. Even diversion of advertising fund money to other corporate purposes can get these culprits years in jail.

And Shane Radbone as CEO gave himself and his wife a "gift" of a sweetheart $750K loan which has never been paid back to the company or receivers. All this while the debts continue to stack up.

So now we come to find Radbone has been made "Chief Operating Officer" of the Australian arm of 7/11. Boy, are these franchisees in for a treat! And what did Radbone take as his first management task? A SPEAKING ENGAGEMENT to a group of government executives in South Australia that apparently have been duped by his lame story of why he was sacked at Allied Brands!

The seminar programme says about Radbone: "Recently he was terminated as a CEO of an ASX listed company, after a failed management buy out, (A COMPLETE LIE) but was recently appointed COO of 7-Eleven, the 3rd largest private company in Australia, after just completing the acquisition of Mobil. It all comes down to your attitude, and your willingness to pick yourself up after setbacks and respond. It is also about having balance in your life. Success is an attitude."

Let's see, Radbone sacked from now three companies where he FAILED at all of them leaving destruction and economic ruin in his wake. It would seem Radbone's "success" is only in fast-talking 7-Eleven and hope they wouldn't check his CV.

Sakalis on the other hand has taken a job with Business Development Company, a Melbourne-based franchisor consultancy. What are these franchisors going to learn from Sakalis? How to loot the franchise advertising funds? How to lie to potential franchise-investors about their soon to be lost life savings? Getting away with unpaid superannuation contributions?

The BDC website goes on to say "BDC represent some of Australians best brands including: Bakers Delight, Nanotek by Ecowash, Hudsons Coffee, Mortgage Choice, Cookie Man, Baskin Robbins, Star Shots Glamour Photography, Telstra T-Life, Pure Protect Mobile Hygiene, Sportsco, Healthy Habits and MBE Business Service Centres." It's known fact that BDC DOES NOT represent Cookie Man, nor Baskin Robbins, nor Telstra. Is everything about BDC made up horseshit?

These aren't the only people who are being criminally investigated in the Allied Brands Ltd. debacle. We're expecting arrests soon. . .

PPK GROUP LTD INVESTIGATION CONTINUES - DID DIRTY DIRECTORS USE COMPANY ASSETS TO PUSH PRIVATE INVESTMENTS?

The ACCC has confirmed that investigations into dirty dealings at PPK Group Ltd. (PPK) continue to unfold. The ACCC is now searching for documents concerning director's private investments in Allied Brands Ltd. (ABQ) that may or may not have been secured at 'full value', at the same time these directors were using PPK shareholder assets to invest in Allied Brands and prop up the failed company.

PPK director Jury Wowk was said to be outraged at the scheme after being enticed into an ABQ directorship what he was told was a "company restructuring". One board meeting and he quickly identified that criminal actions were likely underway and his very quick resignation from the ABQ board is one of the actions that began to focus ASX and ACCC attentions on this organised crime racket.

In a half-yearly report PPK has acknowledged a massive loss due to this and other bad investments in Frigrite (now in administration) and Intelligent Solar Ltd. (ISL). ISL, a company near-death, just had a massive investment of capital from an entity known as Contemplator Pty. Ltd. (ARG Pension Fund A/C). Suspiciously, this entity was also the second largest investor in Allied Brands at the time of their collapse! Who is controlling the pension fund, and why this Melbourne company is apparently around so much fraud and company carnage is just one of the items now being explored by the ACCC.

Finally, ex-company secretary James Fay and accountantcy firm Hacketts are also targeted for their actions in misleading investors and the ASX.

COLLAPSED ABQ NOW BEING LOOTED BY THE PROS

Allied Brands Ltd. administrator Vincents has filed notice for an ADDITIONAL six weeks of "convening period" after already getting one extension over the holidays.

It is unknown what this additional six weeks can accomplish - Vincents says "it is in the best interests of creditors and members of the company".

With charges by Vincents being made against the company of at least $80k/week, the only one who's interest is being looked after is the administrator, apparently.

Once the amateurs running a company like ABQ have stripped it of investor assets, then the pros come and and the real looting begins.

There is however still no sign of the missing Ad Trust Fund monies, nor the $750K "loaned" by failed and disgraced ex-CEO Shane Radbone TO Shane Radbone and his wife, Victoria Elise.

$1.5 MILLION MISSING - WHO STOLE THE BASKIN ROBBINS AD FUND MONEY?

It's been disclosed that the ACCC is investigating the apparent theft of over $1,500,000. in Baskin Robbins and other Allied Brands franchisee Ad Fund money by Allied Brands management over the last year.

As long noted by franchisees of many of the Allied Brands companies, promised advertising was not being done on behalf of any of the brands. All of the brands (Baskin Robbins, Cookie Man, Awesome Water, Kenny's Cards, etc) contributed large amounts to Ad Funds that are supposed to be held "In Trust" on behalf of the franchisees.

Administrators for Allied Brands, Vincents, have been asked by franchisees for the required audits of the Ad Fund contributions to be produced. To date they have not done so. As previously reported Peter Biazos, administrator at Vincents, was previously employed with ABQ CEO Lachlan McIntosh at Korda Mentha, a huge conflict of interest that the court has not yet ruled on.

Sources with the ACCC and ASIC both indicate that the criminal acts at ABQ are likely to result in up to nine indictments of Allied Brands management including current and former board members as well as general managers for several of the key brands. And this doesn't include the criminal charges that are going to result from the Korean Visa sale scam.