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Jon Adgemis becomes Australia's biggest bankrupt after $1.8 billion collapse
✓ Source-backedMoney & Work

Jon Adgemis becomes Australia's biggest bankrupt after $1.8 billion collapse

Former hotel owner Jon Adgemis now ranks equal with Alan Bond as Australia's biggest bankrupt.

Why it mattersThe case exposes how wealthy insolvents can keep spending lavishly while broke, and highlights risks for retail investors who lend through non-bank credit schemes.

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