Tech whiz loses luxury boat fight

Alexander David William Rich, who owns tech start-up Desygner, must now bear the loss of the alleged fraudulent sale and transfer the official registration of The Shahzadi, a Bavaria motor cruiser, to the original purchaser.

The original purchaser was Auswide Constructions Pty Ltd (Auswide), owned by Jerome James Charles Heron and his millionaire family, the court heard.District Court Judge Ken Barlow made the ruling after the court heard that a boat dealership sold the…



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