Glamorous Sydney couple stay in Los Angeles, owe investors $ 2 million – Sydney Morning Herald

However, an abandoned Sydney investor Garren Cronin – who spent $ 800,000 on legal fees alone – told PS he was determined to sue the couple on a “question of principle” basis, after filing a third bankruptcy petition after previous attempts had failed.

“It’s a very embarrassing situation for us, and while I’m convinced that it happens a lot, I won’t allow someone to… not be held responsible,” Cronin said.

However in LA Chalmers, who once ran Kings Cross’s hotspot, Beach Haus, where the actor Leonardo DiCaprio celebrates their 37th birthday almost ten years ago, insisted the couple wanted to “do good.”

“This trade dispute has definitely taken its toll on our family and it is disappointing that our efforts to resolve it have been ignored,” Chalmers said. “Given the opportunity to rebuild, we would like to do good. We have built a life here in the United States and are not trying to shirk our responsibilities.”

Cheah and Chalmers continue to work and operate the now US-based Sporteluxe site, but Chalmers has denied having a stake in the company, which had been bought from liquidators by a Wyoming entity that Chalmers refused to take. appoint.

PS investigations reveal that Sporteluxe’s ​​digital media business was acquired from Sporteluxe liquidator Lowe Lippmann by US company CWHC Holdings LLC on November 29, 2018. Two days earlier, CWHC Holdings LLC was incorporated in Wyoming , with Chalmers listed as the entity’s organizer and secretary of US regulatory filings. The liquidator approved the sale of the business as being in the best interests of the creditors, who are trying to recover the money.

Chalmers explained that the owners of the RCSF appointed him secretary of the company – a purely administrative role – because it made sense given that he continues as the commercial director of Sporteluxe.

In his judgment last year, Judge David Hammerschlag concluded that investors in Sydney had received “misleading financial information” about Sporteluxe earnings and that the shares were worthless.

Court documents revealed that Cronin’s company Cadence (90) Investments approached Cheah, who has publicists Roxy Jacenko in his circle in Sydney, on the investment in Sporteluxe via the website in August 2017.

Chalmers provided Cadence with financial documents claiming that Sporteluxe raised a total of $ 200,000 in the first half of 2017 and expected revenue of $ 325,000 in the second half.

Based on these numbers, Cadence bought $ 1,066,649.73 of shares while another investor invested $ 49,986.63 in the brand.

However, the court found investors were unaware that Sporteluxe’s ​​income was inflated when Cheah transferred over $ 167,000 into the company’s accounts, which turned out to be income from his work with IMG.

Last September, the judge convicted Cheah and Chalmers of deceptive or deceptive conduct and ordered them to pay the investors $ 1,116,636.36 plus interest and fees, which now stand at $ 2,000,000.

Packer Barham’s BFF

Whether square or pear shaped, heiress Francesca Packer Barham knows a thing or two about “rocks” that don’t lose their shape.

Indeed, after setting a new Australian auction record after depositing more than half a million dollars on a huge new sparkler, the 25-year-old probably agrees that diamonds are a girl’s best friend. , especially in a city where two legs, real life ones come and go with considerable frequency.

PS can reveal the end Kerry Packer the eldest grandson was the mystery bidder who dropped $ 575,000 on lot 35 at Leonard Joel’s first “significant jewelry auction” last week.

The price broke the previous record of $ 450,000 for a single piece of jewelry auctioned in Australia, the awe-inspiring 17.34-carat emerald-cut diamond ring set in platinum and now comfortably residing on the Millennial millionaire’s finger.

PS was told in no uncertain terms that the ring was not a harbinger of an impending engagement announcement, despite reports in recent months the bubbly brunette was dating a Sydney personal trainer and an avid sex enthusiast. sneakers. Sam zacharia, son of a prominent plastic surgeon from the eastern suburbs Michael zacharia.

“We’re just good friends, actually he’s a very old friend of mine. I promise you there’s nothing to report,” chuckled Packer Barham, who paid $ 16 million last October. for the largest apartment in the Horizon Tower in Darlinghurst. line when PS dared to ask.

More pity, Sydney could do with a big Packer wedding.

Plan bee at David Jones

On Monday, the 35th annual David Jones Spring Flower Show returns to the original home of the Australian retail queen in the new Elizabeth Street flagship store.

Once again, the windows on the ground floor, ground floor and level 7 will feature intricate floral ornaments that this year will celebrate the bee, the small but powerful mascot of spring.

To honor the bee, a permanent rooftop apiary comprising five bee hives and approximately 400,000 bees has been installed at the top of the building, with the hives managed by the local company Urban Beehive and populated with displaced local rescue bees. from NSW.

While COVID-19 measures will be strictly adhered to in-store, DJs are also introducing virtual tours to the store’s website, allowing those who cannot travel to see the results of 4,000 hours of work from 15 experienced florists and horticulturalists. led, for the 32nd year, by George low of the seed flora.

Hot air on Kidman’s set

Nicole kidman $ 100 million Nine Perfect Strangers Production at Byron Bay fell short of Mother Nature when a tourist-laden hot air balloon inadvertently landed in the middle of the set.

“It was hilarious, the crew was yelling at us not to land, but like the pilot said it all depends on where the wind is blowing, and once the balloon goes down you just have to land the thing” , one of the passengers said PS.

“We didn’t see any of the stars, but they obviously tried to keep everything a secret. It was pretty funny for us, but probably not for the crew.”

Meanwhile, Kidman and his co-stars have taken over the meditation guru from Sydney society. Gary Gorrow’s Soma Resort for the shoot, which doubles as author Liane Moriarty fancy health retreat called “Tranquillum House”, run by Kidman’s character.

Gorrow will be quite happy with the global visibility its site is set to achieve and the six months rental fee it receives.

Indeed, the framework is not too difficult to imagine, especially since Soma’s clientele would already include actors. Cate Blanchett and Richard roxburgh, author Zoe Foster Blake and model Gemma Quarter.