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Pub Tycoon’s Lavish Life Amid $1bn Debt

Download IPFS Hospitality mogul Jon Adgemis continues living luxuriously in his Bondi Beach penthouse while reportedly owing creditors $1.5 billion, including $162 million to the Australian Taxation Office (ATO). The bankrupt businessman’s proposed debt settlement offering creditors just 0.17 cents per dollar was rejected Friday, with the ATO particularly vocal[Read More…]

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