| David Gegg's Discovery Expeditions Now In Receivership |
| Thu, September 26, 2013 |
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He's one of the power players in the cruise tourism industry but David Gegg's Discovery Expeditions has gone bankrupt. 7news has confirmed that Bob Garcia was appointed as receiver on September 20th. Today, Garcia would not comment when we asked him whether he had taken on new staff.
David Gegg blazed into the public spotlight in December of 2012, when the Department of Sales Tax issued a committal warrant for him because he had tax arrears of over three hundred thousand dollars. He paid fifty thousand dollars and managed to avoid being committed to jail. But his accountant Sheffield Eck told the court that he had advised Gegg to file for bankruptcy to clear up his debts because the profits from his two companies are less than what is reported due to unbudgeted and unforeseen expenses.
That other company is Cruise Solutions Limited - which, we understand remains in operation. Through Cruise Solutions, Gegg has contracts with at least one major cruise line and it is felt that with the rise of Norwegian in Harvest Caye, he enjoyed an inside track.
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