A multimillion-dollar yacht owned by Ron Pattenden, the founder of a funeral fund that collapsed owing millions in unpaid policies to thousands of low-income Aboriginal families, has sailed to tax haven Vanuatu, as questions escalate over his involvement in the company from which he received $20m in tax-free income over a decade.
On Saturday Pattenden’s yacht, Dream Catcher, was moored at a pier outside the Blue Marlin fishing lodge, which he formerly owned, in Vanuatu’s capital, Port Vila. The yacht had made a five-day trip from New Zealand, where Pattenden has been living and owns a property portfolio.
