![]() Mr Bates did not respond to questions this week. If I can’t resolve the remainder within 2 weeks please sell the ring and we will obviously loose the deposit which I’ll sort directly with FP.” “I’m working on a local solution selling a million worth of stock to a wholesale which will obviously resolve the international transfer problem. and continue to be promised one thing after another,” he wrote in one message. I’ve spent the last 48hrs trying to resolve this f-k up in Switzerland. On February 10, Mr Bates told Mr Judge that Ms Packer would pay the deposit on the ring. Instead, what followed was excuse after excuse after excuse.” “I had my concerns that this was a fraudulent remittance notice as it was missing key information, but I advised my client to wait until the money cleared,” Rob Daoud, the lawyer representing Time Keeper, said. Upon closer inspection, the document, reviewed by the Financial Review, lacked basic details critical to facilitating payment. On January 29, Mr Bates sent what appeared to be a transfer confirmation from First Abu Dhabi Bank. In January, Mr Bates was issued with an invoice addressed to Sunce LLC, as well as a document that provided details of the diamond. Time Keeper then sourced an 11-carat stone and had it set in a ring. ![]() Messages between Mr Bates and Time Keeper staff, seen by the Financial Review, show the businessman discussing the purchase of a diamond and his budget – hundreds of thousands of dollars. ![]() The next month, he contacted Time Keeper Boutique, a jewellery wholesale business owned by Mark Judge, a colourful Sydney identity who is a close friend of Ms Packer’s and a former associate of the Ibrahim family. Mr Bates, a well-known figure in Sydney’s eastern suburbs and a former student at the prestigious Cranbrook School where James Packer was sent, struck up a relationship with the billionaire’s 28-year-old niece in November. Matrixīoth Aurum+ and another company founded by Mr Bates, Aquamamma, which manufactured a hydration formula for pregnant people, collapsed last year, with employee salaries and contractors left unpaid. Mark Judge and Francesca Packer in 2020, at the heiress’s 26th birthday party. Mr Bates first appeared on the AFR Young Rich List in 2020 with a purported wealth of around $175 million. The Australian Financial Review reported in February that Mr Bates, 43, had failed to issue shares to high net worth investors in his Aurum+ anti-stress supplements business despite handing over what appeared to be shareholder certificates. Robert Bates, the wellness start-up founder being pursued by his investors for more than $15 million, used a fake bank transfer to attempt to pay for a diamond ring for his girlfriend, Francesca Packer, forcing the heiress to come to his rescue and cover the cost of the deposit.
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