The boss of failed Queensland builder Privium allegedly set up a complex series of transactions before its collapse that saw $20m effectively disappear from the company, a court has heard.
Glen Norris follow 3 min read November 5, 2024 - 1:02P
The Australian Business Network
The boss of failed national building firm Privium allegedly set up a complex series of transactions before its collapse that saw $20m effectively disappear from the company, a court has heard.
A public examination by liquidators in the Federal Court in Brisbane heard Privium founder and director Robert Harder planned to establish his own cryptocurrency through an entity called Open Gold and set up a managed investment scheme using blockchain technology.
The court was told of a series of “round robin” transactions in excess of $20m
Missed this one..
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