Restaurateur George Colombaris' restaurants went broke after he was convicted of underpaying staff, being made to repay the money and fined $200,000. But as his company (companies?) has no money, the government, that is we taxpayers, have had to stump up one million dollars to pay out staff entitlements.
Meanwhile Colombaris lives in a house worth nearly five million dollars and has a property portfolio worth around seven million dollars. Of course his home is in the name of company owned by his wife.
While I wouldn't want it for small business people who have a try at business and fail, for these high flyers, bring back debtors prisons I say.
Crooks, thieves, liars and charlatans. We are surrounded by them.