Another defendant is Pink Diamond, an events management company...

Another defendant is Pink Diamond, an events management company whose sole director was Timoney's son James until February last year, followed by Timoney's wife Ildi Sanda Redak. This company allegedly invoiced Smiles Inclusive almost $200,000 for different events which Smiles alleges included mark-ups.

Thats the major allegation. The $80k on personal travel is significant aswell but its easy to characterise any travel as a business expense so I don't think it'll stick.