Reference no: EM133685773
Question
Julia is the trustee of a trust for the benefit of Alan. On the 5th she misappropriates £75,000 from the trust. She used £10,000 of this money, together with £5,000 of her own money to purchase some shares in Barclays - the shares are now worth £12,000. She pays the remaining £65,000 of it into her overdrawn bank account with Barclays Bank, thus raising the bank balance to £60,000. She then pays in £10,000 of her own money.
On 6th January Julia makes the following payments from her account. She buys shares for £10,000 in Tesco which are now worth £15,000. She also transfers £30,000 to Chris, who is Julia's lover. Chris uses this to pay off his mortgage with the Yorkshire Building Society. The previous week, Chris had accidentally seen a note on Julia's phone about the trust, although he didn't really understand what it meant, he was worried that it might mean that she was not managing Alan's trust quite how she was supposed to.
On 7th January Julia gives £10,000 to her son, Tarquin as a birthday gift. Tarquin is used to receiving lavish gifts from his mother, although this one was larger than usual. The money enabled Tarquin to install a new central heating system in the flat that he owns.
Julia uses the remaining £20,000 to pay for a luxury Trans-Siberian railway journey for herself and Chris.
Advise Alan on what remedies he may have against Julia, Tarquin and Chris. Include in your answer any relevant processes that might be available to Alan to track his money.
|
Valuable service to the community
: Do you think that specialty courts appear to be a valuable service to the community, or are they are a waste of taxpayer dollars? Explain.
|
|
Which part of the plan do check act model is organization
: A C-Suite member who pushed for a job rotation program to be rolled out. Which part of the Plan, Do, Check, Act model is the organization currently engaging in?
|
|
Frozen embryos are babies
: The Supreme court in the State of Alabama has just ruled that frozen embryos are babies, therefore facilities that store the embryos
|
|
What steps to help ensure a good result
: When deploying an international talent management solution, because of its complexities, the article on good practices. What steps to help ensure a good result?
|
|
Luxury trans-siberian railway journey
: Julia uses the remaining £20,000 to pay for a luxury Trans-Siberian railway journey for herself and Chris.
|
|
How and why does tom attempt to cheat the devil
: The Devil and Tom Walker," how and why does Tom attempt to cheat the devil? In "The Devil and Tom Walker," how and why does Tom attempt to cheat the devil?
|
|
Analyze how they address ethical challenges
: Analyze how they address ethical challenges within a pharmaceutical organization You may consider discussing successful organizations in this regard.
|
|
What will the attorney for the smiths likely argue
: When the case goes to court, what will the attorney for the Smiths likely argue? When the case goes to court, what will the attorney for Henry likely argue?
|
|
Draw on important and relevant aspects of the ancient novel
: Draw on at least 3 poems (or fragments) by each of at least 4 different poets writing in Greek and Draw on important and relevant aspects of the Ancient Novel
|