Relationships can survive infidelity. Many a relationship has. But the final straw for one of Australia’s most high-profile couples wasn’t cheating but financial infidelity so extreme it would lead to the loss of an approximate $130 million fortune.
Matthew Perrin, former Billabong CEO, father-of-three and once one of Australia’s richest men, was found guilty yesterday of nine counts of forgery and fraud in Brisbane District Court. The jury was unable to decide on an additional three charges.
Perrin now faces a possible 12 years in prison.
One of the charges he faced was for forging then-wife Nicole Bricknell’s signature on documents which used the family home as security to defraud the Commonwealth Bank of $13 million. The home was in her name at the time. However, Bricknell testified in court that she placed her trust in him to manage their money after leaving her career as a beautician to raise their three children, and he betrayed her by forging her signature, placing their children’s futures at risk.
Mamamia Confessions: When you knew it was time for a divorce.
Perrin was also accused of forging the signature of his brother Fraser Perrin as witness to Bricknell’s signature on the documents.
Top Comments
Normally, you have the house ownership in the spouses name to avoid losing it. He defrauded the wife and surely the Commonwealth Bank had no right of taking it? Proceeds of crime? I believe the Bank Should compensate?
Unbelievable that a man can be this crass.
Man or Woman, they can all be pretty crass at times. Its in the wife's interest to present herself as a victim so that the house or the value of it can be retained in her name.