Greg Josephson, co-founder of Australian clothing chain Universal Store, was stabbed to death on Thursday in his home in Clayfield, a Brisbane suburb. A 15-year-old who was known to Josephson has been charged with his murder and is in custody. Josephson, 58, was hosting a party in his mansion to celebrate the end of the school term. About 30 teenagers were in attendance. Josephson and the 15-year-old reportedly got into an altercation, and the 15-year-old called the police at 8:15 p.m. When the police arrived on the scene, Josephson was dead. The teenager had stabbed the CEO with a household item, according to the police. They found the suspect about two blocks from the scene of the crime. “It was extremely quiet, I wouldn’t have even known there was a party going on last night,” one neighbor told The Courier Mail. The teenager reported to the children’s court Friday and has been transported to the hospital for a minor injury sustained during the altercation. His next court date is scheduled for Sept. 2. Under a new Australian law, he could become the first teenager facing life in prison in Queensland, 9News reports.
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