By Neil Chenoweth
Read or Download Packer's Lunch: A Rollicking Tale of Swiss Bank Accounts and Money-Making Adventurers in the Roaring '90s PDF
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Extra info for Packer's Lunch: A Rollicking Tale of Swiss Bank Accounts and Money-Making Adventurers in the Roaring '90s
But in the 1970s he lost his way. By 1979, a failed wheat deal with Iran left him bankrupt for the second time. His younger brother Gordon was more staid. He fought in the infantry in World War II and followed a stolid corporate career on Establishment boards. Gordon’s son Michael founded a financial services company that he sold in 1987 before the Crash to Clayton Robard for $170 million. In the inevitable clashes between new money and old, the Mort family found itself one of the casualties. Thomas Mort was one of Australia’s great corporate giants of the nineteenth century.
For Rene, a Swiss bank account offered far more than just a bolthole for money. It was the opportunity to be a masked player, to take actions that had no recourse back to himself. He could warehouse shares for other people, he could conduct insider trading without fear of detection, he could manipulate share prices and he could ignore the disclosure and takeover rules that were there to protect other investors. In short, he could do whatever he wanted. He was invisible. When the Australian Tax Office investigated Rivkin in 1981, he simply closed his old Leumi account and opened a new one called Stilton.
Mallesons Stephen Jaques partner Graham Bates described Rivkin arriving at law classes each morning in the 1960s and parking right outside the door of the lecture hall, ignoring the parking tickets he would receive each day. Corlett made no waves, while Whyte was regarded as one of the nerdier students on campus. It was the mid-1960s and the three 29 Packer's Lunch Text 29/6/07 11:11 AM Page 30 PACKER’S LUNCH friends were in the middle of a social revolution to which they were oblivious. Instead they were fixed on ways to make money.