A company that raised millions from investors including high-profile athletes and celebrities was still unable to pay its debts in 2015, according to a draft report by FTI Consulting.
FTI advised the directors of Nevhouse Invest Pte Ltd, including founder and chairman Nev Hyman, that the company should be placed into liquidation under Singaporean law, according to a report viewed by The Australian Financial Review.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
