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Bridgecorp’s death knell a timely warning

Paul McBeth
Fri, 17 Sep 2021

Bridgecorp principal Rod Petricevic's fall from grace is a cautionary tale for investors. (Image: Getty)
Paul McBeth
Fri, 17 Sep 2021
If you weren’t reading the corporate obituaries last week you might have missed that Bridgecorp, the poster child for the hubris of the early 2000s financiers, was finally struck off the companies register.Bridgecorp was one of the country’s biggest finance companies when it went belly up in 2007, owing almost 14,400 investors about $459 million. It also had a book value on its loans and property assets of $595.3m, something of an illusory total as we were to discover about many of the mezzanine lenders.Like all the rest, Bridgecorp...

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