Bankrupt billionaire Jon Adgemis a star of the Federal Court today

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Roll up! Roll up! The greatest liquidators’ show in town is about to start, with its star, Jon Adgemis, set to take centre stage on day one of the Federal Court proceedings on Thursday.

The liquidator’s examination of the spectacular collapse of Adgemis’ pub empire is set to unpick the complex financial arrangements behind a slew of companies, following his bankruptcy declaration in October amid debts of more than $1.8 billion.

BRI Ferrier liquidators Peter Krejci and John Keenan were appointed a year ago, following a wind-up petition from the tax office and what amounts to more than $3 million owing in taxes from just a selection of his businesses.

Also subject to the Federal Court orders in the examination are a roll-call of Adgemis’ associates, lenders and even ex-girlfriend model Cheyenne Tozzi. Joining Tozzi are billionaire Alex Waislitz, Adgemis’ former chief financial officer and Woollahra councillor Alexander Andruska, prominent racehorse owner and MaxCap founder Brae Sokolski, music pioneer Tom Misner, and Adgemis’ former........

© The Sydney Morning Herald