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‘I don’t recall. I don’t recall. I just don’t recall.’: Brett Walker at his father’s $10m fraud investigation

UNDER FIRE: Brett Walker, left, and his barrister Steven Golledge at Sydney’s Federal Court this week for a bankruptcy trustee investigation into the late Ray Walker’s estate. Picture: Jonathan Carroll
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VICTIMS of Ray Walker’s $10 million fraud marched into the Sydney Federal Court for the fifth day of his bankruptcy trustee investigation on Wednesday bearing signs and shirts seeking answers.

The silent protest was aimed at Brett Walker, who shared an accountancy office with his late father for decades, and is viewed as keytounlocking the mystery of what happened to the missing life savings of 70, mainly ageing, Hunter retirees.

More than 30 people packed the public gallery with many of them holding signs bearing the words “I don’t recall”, “I can’t recall” and “I honestly can’t recall”.

Mr Walker,the head of Hunter-based Active Accounting Group, spent much of Tuesday repeatedly telling the hearing he could not recall details.

His memory difficulties continued on Wednesday as hereadily admitted – more than20 times in the first 10 minutes – that he could not recallwhen asked questions about being a director of one of his father’s companies.

DEVASTATED: Ray Walker’s victims and supporters staged a silent protest at Sydney’s Federal Court this week during a bankruptcy investigation.

Registrar Thomas Morgan was forced to warn the jeering public gallery that if there were anymore outbursts people would be removed from the courtroom.

Mr Walker failed to recall conversations he had with his father about oneclient’s investment and could not recall what documents he reviewed when preparing another client’s financial records, who had also invested with Ray Walker.

“I don’t recall.I don’t recall.I just don’t recall,” he said.

Mr Walker was certain, however, that he was a proactive accountant, who was service orientated and looked after the needsof his clients.

He was also sure that a decision in late 2008 to dissolve the partnership with his father had nothing to do with him being concerned about his father’s investment activities.

Ray Walker, a veteran Newcastle accountant,killed himselfin 2015 after his Ponzi scheme was uncovered.

FRAUD: Ray Walker who fleeced more than $10 million from unsuspecting clients of his Newcastle accountancy firm.

Lake Macquarie’s Richard Galloway–who lost more than $300,000 – described the proceedings as “hugely disappointing”.

“All we wanted were some direct answers and we’ve come away with nothing,” he said.

“So many people have lost their life savings.It’s just wrong, so wrong.

“It’s very frustrating that we are no closer to getting the answers we deserve.”

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