Latest News

Back to Latest News back

 

Billabong’s Matthew Perrin loses appeal against fraud conviction

Billabong’s Matthew Perrin loses appeal against fraud conviction
September 6, 2017

Former Billabong Chief Executive Matthew Perrin has lost an appeal to overturn his fraud conviction, but will be paroled six months early.

The surf wear entrepreneur was sentenced in January to eight years jail for forging his then-wife's signature in 2008 to access more than $13 million from the Commonwealth Bank.

The Court of Appeal knocked back an appeal against his conviction, but will make the 44-year-old eligible for parole in June 2020, six months earlier than originally instructed.

The presiding Judges found that allowances had not been made for the fact admissions made by Perrin had shortened the trial, "at a considerable saving in time and cost".

The Court will also allow Perrin to appeal his sentence.

Prior to his financial troubles, Perrin was worth at least $50 million. However, after a series of failed investments left him facing financial ruin.

The trial had heard Perrin and his then-wife, Nicole Bricknell, netted about $60 million from their stake in Billabong when it was publicly floated in 2000, and lived in an $8 million Gold Coast mansion.

His fortune evaporated after Perrin's investments in a Chinese supermarket franchise soured, leaving him owing tens of millions of dollars to creditors.

He was declared bankrupt in 2009.

27th January 2017 - FORMER BILLABONG CHIEF EXECUTIVE HANDED EIGHT-YEAR JAIL SENTENCE FOR FRAUD

15th December 2016 - COURT TOLD SPORT AND RECREATION MANAGER DEFRAUDED BALLARAT COUNCIL OF MORE THAN $130,000

25th July 2013 - BILLABONG PAYS OFF DEBTS AFTER REACHING DEAL WITH US PRIVATE EQUITY FIRM 

15th March 2010 - BILLABONG SUED FOR $168 MILLION IN INDONESIA

29th June 2009 - NUTRI-GRAIN AND BILLABONG MOST RECOGNISED SPORTS SPONSORS


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

GLADSTONE MRM

Gladstone Health & Leisure (Gladstone MRM Pty Ltd Australia) is a leading supplier of leisure management and fitness software and is endorsed by leading health and fitness professionals and…

read more

Access / Billing / Fitness / Technology / Venues

 
 

Abel Sports

INTRODUCTION Abel Sports is Australia’s leading manufacturer and suppliers of Goal Posts, sports ground safety netting systems and coaches boxes for Stadiums ,Sports Clubs, Councils and…

read more

Recreation / Sport / Venues

 
 

BioLab Australia Pty Ltd

BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…

read more

Aquatics / Technology / Waterparks

 
 

GEOFF NINNES FONG AND PARTNERS

Geoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…

read more

Aquatics / Consultants / Design / Venues

 
 

Jonas Leisure

JonasLeisure offers a complete range of leading leisure and recreation software brands – envibe, Centaman, Gladstone Health & Leisure, The Retention People, Nutrition Complete and…

read more

Aquatics / Billing / Fitness / Recreation / Sport

 
 
 

Humanforce

Humanforce is a global provider of workforce management solutions for companies who need flexibility to manage complex workforces. Companies use Humanforce to manage everything from time and…

read more

Hospitality / Retail / Technology / Venues

 
 

Smart Connection Consultancy

Smart Connection Consultancy is a boutique sport and recreation consultancy who has become one of Australia’s leading advocates for the use of synthetic sports surfaces as a vehicle to grow…

read more

Consultants / Recreation / Sport / Surfaces

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business