Phillip Kingston was a founder of tech ventures including Sargon.
He was bankrupted on Thursday over a $154m debt to a Chinese financier.
Kingston has maintained Chinese ventures engineered Sargon’s receivership.
Phillip Kingston, a Gen Y entrepreneur who led a string of Australian fintech companies including crashed superannuation venture Sargon, has been bankrupted over a $154 million debt to a Chinese financier.
The bankruptcy was declared on Thursday in the Federal Court in Sydney, with Mr Kingston not appearing after his name was called out for the matter.
Loading...
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
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
