Jon Adgemis is bunking down in a Bondi apartment owned by billionaire fund manager Will Vicars, as he battles the threat of bankruptcy and the eviction of his family from a house in Sydney’s wealthy eastern suburbs.
Adgemis, a former KPMG dealmaker turned pub owner, lost a key court battle last week against Monaco-based rag trader Richard Gazal, which threatens to bankrupt him. The two men are in dispute over money Adgemis owes to Gazal, now $26 million including interest.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
