Billabong's former CEO heads to jail... but for what exactly?
Oh hubris is a great and wild burden. So are below the knee boardshorts. And ex-Billabong CEO Matthew Perrin was found guilty of both yesterday morning in Sydney. Let us read from Australia’s ABC news.
After a day-and-a-half of deliberation, the jury found Perrin, 44, forged his then-wife’s signature on mortgage documents to get more than $13 million finance from the Commonwealth Bank.
He admitted signing his wife’s name, but claimed he had her permission.
The former multi-millionaire surf wear boss committed the offences in 2008, after a series of failed investments left him facing financial ruin.
Perrin did not say anything when the verdict was delivered, but kissed his partner Belinda Otton, who was sobbing.
He was remanded in custody and is likely to be sentenced in the new year.
And what do you reckon the sentence for fraud is? Four years? Six years? But what about for knowingly manufacturing below the knee boardshorts? Fifteen years? Life?
Stay tuned!
I’d plead mitigating circumstances for the pelican. Could’ve been James Hetfield.
Mr P was found guilty in Brisbane not Sydney. ‘Experts’ are saying a two year sentence probable… and life with hard for the boardies.
this cunt is a millionaire (or was) and white. he’ll get some community service
There’s no getting back on the sled and re-setting for Matthew Perrin. The maximum sentence for the offence is 12 years. It’s gonna be a long way back for him. I feel sympathy for everyone else who got tangled up in it.
He and Conan Hayes can start up a new surf company together.
Call it “Madoff”