A house and thousands of dollars worth of art, jewellery and clothing have been taken from a Rotorua couple behind suspect money-making schemes. Bill and Lee Papple bought the items with money from investors who poured millions into their now-bankrupt businesses, a master ruled in the Rotorua District Court yesterday.
Their biggest spending was building a house valued at $800,000. The court heard they spent nearly $280,000 on a Rotorua property; $33,700 on jewellery, and more than $60,000 on five artworks.
Master Graham Lang ruled that the couple must give up the assets from bankrupt firm Lakeland Wealth Creators to pay costs and out-of-pocket creditors.
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