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Rich-lister Gough family has received $92 8m from the sale of the family business and property assets

Rich-lister Gough family has received $92 8m from sale of family business, property assets

Luxury cars repossessed from high roller over unpaid debts

Luxury cars repossessed from high roller over unpaid debts 20 Feb, 2021 04:00 PM 5 minutes to read Gerard Peters has had several cars repossessed by creditors. Photo / Supplied An Auckland businessman who gained notoriety after his $400,000 Lamborghini was towed because he misused a disabled parking spot has had the luxury car repossessed and sold over unpaid debts. Gerard Peters, 30, hit headlines in 2015 after his $400,000 Lamborghini was photographed in a disabled parking spot at West Auckland shopping complex LynnMall. While Peters was able to pay that $400 parking fine and reclaim his vehicle, more recent - and substantial - debts have seen that Lamborghini and five other luxury cars he owned seized and sold to satisfy short-changed creditors.

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