And Bill Lewski still can’t remember where $30M went!
In the week of 2 May 2008 it was revealed that the Prime Trust founder paid himself a success fee of $30 million to $60 million (still uncertain) for the listing of Prime Trust on the stock exchange. By mid 2010 the receivers had moved in.
Bill and his son Ari were in court just four months ago (21 December 2016) claiming they simply can’t recall where the $27.6 million in cash went that the receiver is still trying to obtain on behalf of creditors.
Looking back, Lewski also had involvement in tax structures for Primelife with Ted Sent – and so we return to the first issue on Primelife above.
It is all fascinating in retrospect.
