Former Guvera boss Darren Herft quizzed in court over streaming service’s collapse
The former chief executive of music streaming firm Guvera has been grilled in court as liquidators of the failed company strive to unravel the circumstances behind its demise that left shareholders out of pocket.
Former Guvera boss Darren Herft
Darren Herft, who was also the boss of private equity group AMMA which raised funds for Guvera, has been probed over his roles with both companies and about the relationship that existed between AMMA and Guvera.
In the first day of a public examination in Sydney’s Federal Court – which is expected to be adjourned today and resume in March – Herft was asked to explain the business model behind Guvera and questioned about its financial health between 2008 and 2011.
What a bunch of scammers! Let’s hope justice prevails on this one and the ordinary investors who have been taken for a ride can get some justice with these mugs. Looks like this saga will continue to drag on for quite some time, whilst Herft and his merry (scamming) men dazzle us with even more BS than ever before attempting to cover up their cons. Where is all that money hiding? I know – in their rotund greedy bellies.
And how many accountants conned their staff into investing?