Following the resignation of Angkham (Andy) Phanthapangna, a founding director of Jewellery Industry Network, details have emerged of the collapse of his children’s charity and six other companies liquidated by the same firm; a report says one company was insolvent from inception. It also emerged that a company owned by Phanthapangna and Laura Moore - which in turn owned Jewellery World - was issued a wind up notice by the Deputy Commissioner of Taxation (ATO).

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. ASIC records show that in addition to being director and shareholder of Jewellery Industry Network, at least seven companies for which he was a director have been liquidated, while the company that 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 Andy Phanthapangna and Laura Moore-owned Jewellery Industry Fair as an exhibitor (Fullhammer) and also presented a seminar. Two of the companies for which Glenn Fuller was a director were liquidated by Bernardi Martin. AG Marketing, of which Andy Phanthapangna was also a director and shareholder, collapsed with more than $2 million in liabilities. Glen Fuller and Andy Phanthapangna were directors of the collapsed children's charity - Grow Fit Fund - 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 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.

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. Another liquidated company, also owned by Phanthapangna - Banquet Creative - features on the Grow Fit Fund website.

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