“It was worse than I ever imagined,” she said. “I can’t believe it. This is something you hear on Netflix, those documentaries.
Mark Prestige took over Remi Capital as sole director in 2021.
“I’ve been working since I was 18. I’m an immigrant’s daughter. I worked very hard from the beginning, gathered every dollar … It was 20 years of everything I gathered.”
Remi Capital was established as C2 Capital in about 2018 by Peter Terrill and taken over in March last year by its head of capital raising, Mark Prestige.
The firm promised guaranteed returns of up to 8 per cent a quarter on a 12-month term, and investors could recall their money with a maturity rate.
However, investors say that towards the end of last year, the firm either delayed or stopped paying returns. Some did not get their money back.
Despite the troubles, internal company documents, seen by the Financial Review, show Remi’s capital team continued to raise more than $7.6 million from investors from August last year to March this year. In April, staff were made redundant, and last month the firm went into administration.
Mr Prestige has told investors he tried to turn the company around and expressed his “deepest regret” about the situation. Mr Terrill has not responded to requests for comment.
‘I am broken’
At the first creditors’ meeting last week, Rose said ex-employees and investors were in tears as administrators indicated the firm that once employed more than 50 staff had had no…
