INDUSTRY NEWS

October 22, 2021 By subbiesu Leave a Comment

Cullen boss Wayne Cullen ‘ripped $1m from failing firm

The boss of a failed building company “ripped” $1 million out of the business for personal investments and paid himself a six-figure salary just …

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October 21, 2021 By subbiesu Leave a Comment

QBCC warned builder Cullen Group Australia running ‘Ponzi scheme’ before $45m collapse – UPDATED

The office of Public Works Minister Mick de Brenni tried to intervene in the licence suspension of Cullen Group, which collapsed owing subbies $45 …

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October 21, 2021 By subbiesu Leave a Comment

QBCC warned builder Cullen Group Australia running ‘Ponzi scheme’ before $45m collapse

Queensland’s building watchdog was warned almost a year before a major building company went bust owing $45m that it was going to the wall but allowed …

[Read more...] about QBCC warned builder Cullen Group Australia running ‘Ponzi scheme’ before $45m collapse

SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud so our goal is to pressure the Queensland Government to set up a fully funded Police Task Force to investigate and prosecute Construction Industry fraud.

SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.