Details have emerged of the collapse of a children’s charity and six other companies owned by Angkham Phanthapangna, a founding director of Jewellery Industry Network. The liquidators report advises that one company that traded for two years “was insolvent from inception”.

Seven companies of which Andy Phanthapangna was a director have been liquidated and one was described by the Liquidator as being “insolvent from inception”. It promoted its connections to the company that owned Jewellery World and which was issued with an ATO wind up order in January 2024.

Andy Phanthapangna’s charity - Grow Fit Fund - has failed to lodge FY24 financial statements with the ACNC and its FY23 reports show that 99.9% of all income received from donations went to administration costs, including more $200,000 in ‘staff’ wages.

Angkham Phanthapangna attends his Jewellery Industry Fair. In addition to seven liquidated companies, ASIC records show that a company owned by Phanthapangna and Laura Moore which owned Jewellery World was issued with a wind up notice by the Australian Taxation Office.

Grow Fit Fund's president and director Glenn Fuller attended the Jewellery Industry Fair as an exhibitor and also presented a seminar. AG Marketing collapsed with more than $2 million in liabilities. He and Phanthapangna were directors of the collapsed charity and Laura Moore was a board member.

Andy Phanthapangna's charity, Grow Fit Fund, has not complied with the ACNC's financial reporting requirements and has been placed under external Administration. Banquet Creative listed on the charity's website has been liquidated.

Glenn Fuller in Jewellery World

UNUSUAL TIES: Laura Moore says: "As a board member, I am very proud to help shape the direction of this amazing organisation which strives to assist kids all over Australia."

Glenn Fuller was a director and shareholder of Grow Fit Fund alongside Phanthapangna. It has since been learned that Fuller has had several prior dealings with insolvency firm Bernardi Martin.

Laura Moore’s LinkedIn post not only details her connection to the children’s charity, it also demonstrates the many ways in which her and Phanthapangna's business interests have been intertwined not only with each other, but also with the broader Australian jewellery industry.

Grow Fit Fund Pty Ltd's Financial Statements for the year ended 30 June 2023.

Laura Moore appears as a Grow Fit Fund advocate at a launch, aligning herself with the charity’s branding. The juxtaposition fuels scrutiny over overlapping interests, governance boundaries, and potential conflicts.

Grow Fit Fund, the collapsed children's charity is one of seven liquidated companies connected to Andy Phanthapangna who was a director, shareholder and board member. Glenn Fuller, Nunzio Giurastante and Laura Moore were also board members. The FY23 P&L shows that 89% of donations was paid to staff.

twork's Hygge Retreat in 2024 was to bring togeXXXX| View Full Promotional Flier