The bosses of the broke money-moving app Bux Global are proving hard to find as dudded investors continue to pursue them for more than $500,000 in legal costs.
As revealed by The West Australian, more than 300 WA investors sank $100 million into the dud mobile phone application the brainchild of founder Raymond Webber and his sons Chris and Andrew.
But the money is all but gone. Court documents reveal just thousands in cash left among the companys assets, with millions spent on fine dining, business-class flights, five-star hotels and leasing luxury cars.
The disgruntled investor whose court action eventually led to Bux being declared insolvent by the Federal Court is chasing the Webber family for $535,016 in court costs.
In a new ruling by…
Read the full article at: https://thewest.com.au/news/court-justice/broke-app-bosses-go-to-ground-over-debts-ng-b881056229z