Credit Suisse sale of Michael Gu’s Mosman home approved
Max MasonSenior reporter
The $12 million sale of international fugitive Michael Gu’s Mosman trophy home will go ahead, leaving creditors to argue over the proceeds.
Mr Gu, the founder of collapsed property group iProsperity, fled Australia in July 2020 amid allegations he ran a $60 million ponzi scheme, owes investors a further $120 million, and used investor funds to purchase a Lamborghini amid the $350 million collapse of iProsperity.
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