Mount Herron Engineering in receivership

All is not well at the Holy Place!

This week we heard that the company owned by Klaus Pesch’s youngest son Mount Herron Engineering, the company which the Pesch’s used as the business ‘front end’ for the Team’s activity here in Australia, Europe and America has gone into receivership with debts in excess of $3 Million.

It seems that Klaus Pesch has abandoned his family and assets here in Australia leaving his sons to fend for them selves, preferring to stay in Germany with his new partner and those loyal to him and his teachings whilst everything here goes down the drain.

Mount Herron Gardens the sanctuary that the Pesch family proclaimed as the most holy place in Australia, pivotal to Klaus Pesch’s teachings and Mount Herron Engineering are being liquidated by the bank to recover unpaid debts.

Many of us have often wondered if the Pesch’s works would ever catch up with them, and many of us have tried to prepare ourselves for the time when we would have to face the reality that the Pesch’s may find a way to hold onto significant wealth, whilst we as many before us struggle for years to make up for lost financial ground.

Looks like we won’t have to worry about that any more.

see also

Mount Herron Power Station being decommissioned