Bottom-feeder's debt-retrieval bid left in tatters
By David Elias
October 24, 2003
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Sharemarket shyster David Tweed's court-based program to recover debt is in tatters after a judge ruled it would take more than a signature on a pro forma acceptance to snare his victims.
Lawyers believe Mr Tweed will have to withdraw hundreds of cases banked up in the Melbourne Magistrates Court against small first-time shareholders who have resisted the West Melbourne dealer. "These people should be aware that Mr Tweed is liable for their costs if he seeks to withdraw proceedings against them," said Slater & Gordon lawyer Adrian Muller, who took up the fight against Mr Tweed on behalf of NSW caretaker David Vane, who was being chased through the courts for $977.
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Hope it bankrups the scumbag.
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