Bankrupt former boss of MFS Michael King will pay creditors just 0.04 cents
Polo-playing bankrupt businessman Michael King will repay 4¢ for every $10,000 owed to creditors in a best-case scenario, according to his bankruptcy trustee. Gold Coast-based Mr King was a former BRW Rich Lister who dreamt his ASX-listed funds management outfit MFS would become a mini Macquarie Bank before it collapsed in the global financial crisis.…