Chairman of stockbroking firm BBY Glenn Rosewall wrote to his psychic advisor in 2011 saying he was concerned the company faced insolvency, shortly before $12 million was stripped from clients’ trust accounts.
The NSW Supreme Court has been presented emails and text messages between Mr Rosewall and Nevine Rottinger, where Mr Rosewall appeared to raise concerns about the company.
“Dear Nevine, we need $10 million to survive,” quoted the liquidator’s lawyer senior counsel David Pritchard from a September 2011 email.
“I will need to borrow an extra $5 million from most likely NAB for our clearing business, a $2 million windfall gain plus an extr…
Read the full article at: http://www.abc.net.au/news/2016-09-22/bby-chairman-told-psychic-of-insolvency-fears/7870016
