Ex-Billabong CEO Gets 8 Year Prison Sentence

by The Editors on January 27, 2017

Former Billabong CEO Matthew Perrin was sentenced to eight years in prison for fraud and forgery on January 27, 2017, according to a story on News.com.au.

In sentencing the 44-year-old to eight years behind bars, District Court Judge Julie Dick said he still had “no self realisation or remorse”. . . “You seem to simply refuse to recognise that it was you who forged documents and you who caused them to be presented to the bank,” Judge Dick said. . . She said he blamed his ex-wife Nicole Bricknell, the Commonwealth Bank and his former business partners.

Doesn’t sound like odd behavior for a corporate CEO. This one just got caught, it seems. But it’s not over for him. He’s 44 year old and will be eligible for parole in 2021, unless his lawyers can overturn his conviction on appeal, which is exactly what they are going claiming “the jury’s verdict ‘was unsafe and unsatisfactory’.”

Unfortunately, in Australia it seems that they don’t have special country club prisons for white-collar criminals and Perrin will be placed in Arthur Gorrie Prison with “rapists and murderers” according to a story in the Gold Coast News

[Link: News.com.au]

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