[1] In 2019, Sargon sought to float itself on the Australian Stock Exchange, with it being reported that backers hoped it would be valued at over AUS$1 billion.
Creditors included GrowthOps, another of Kingston's businesses, which was owed "an amount below $1.8 million" and told investors it was unsure whether the money was recoverable.
[2][3] Sargon's lender, Taiping Trustees, was owed $100m[4] and in September 2020, sought to freeze Kingston's assets but was blocked by a court order.
[5] In August 2021, it was reported that documents tabled to Parliament by Liberal MP Tim Wilson showed that the parent company of Taiping Trustees had misdirected repayments in "a deliberate effort to take ownership" of Sargon.
[6] In December 2021, the Federal Court of Australia agreed to hear the case Kingston had brought to appoint special liquidators to investigate the claims that Sargon had been deliberately bankrupted.