How to go from pub baron to Australia’s biggest bankrupt in 10 years

Associate editor Primrose Riordan and courts correspondent Max Mason on why Jon Adgemis is struggling to keep the details of his $1.8 billion financial collapse secret and what his story tells us about the private credit market. This podcast is sponsored by Westpac. Further reading: Jon Adgemis thought he was winning. Then his CFO took the stand The failed pub baron has been trying to keep the details of his $1.8 billion financial collapse secret. But a chatty former accountant is making that difficult. Adgemis’ right-hand man alleges tax con funded ‘exorbitant lifestyle’ The business affairs of the former KPMG deal maker-turned-bankrupt are being scrutinised, with allegations of “sham arrangements” to pay for his spending. From playboy pub baron to bankruptcy: Inside Jon Adgemis’ $1.8b fall From KPMG consultant to “glamour banker” with the “Midas touch” to junk-debt-laden bankrupt. It’s been a wild ride for Jon Adgemis and Public Hospitality Group. See omnystudio.com/listener for privacy information.