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| Former Billabong boss Matthew Perrin convicted of fraud | |
| (35 minutes later) | |
| The former Billabong chief executive Matthew Perrin has been convicted of fraud after faking his ex-wife’s signature to get a $13.5m loan from the Commonwealth Bank. | The former Billabong chief executive Matthew Perrin has been convicted of fraud after faking his ex-wife’s signature to get a $13.5m loan from the Commonwealth Bank. |
| Perrin had been on trial in Brisbane district court accused of mortgaging his family’s $15m property in Surfers Paradise without permission from his former partner, Nicole Bricknell, who owned the house. | Perrin had been on trial in Brisbane district court accused of mortgaging his family’s $15m property in Surfers Paradise without permission from his former partner, Nicole Bricknell, who owned the house. |
| During the week-long trial Perrin claimed he had permission from Bricknell to sign her name on legal paperwork and had been doing so throughout their relationship. | During the week-long trial Perrin claimed he had permission from Bricknell to sign her name on legal paperwork and had been doing so throughout their relationship. |
| But Bricknell insisted she had never given authority for him to sign on her behalf and said losing their millions was worse than him having an affair. | But Bricknell insisted she had never given authority for him to sign on her behalf and said losing their millions was worse than him having an affair. |
| A jury found Perrin guilty of three counts of fraud and six of forgery, but was unable to reach a verdict on another three charges. | A jury found Perrin guilty of three counts of fraud and six of forgery, but was unable to reach a verdict on another three charges. |
| The case will return to court for a mention on Thursday, but Perrin will be sentenced at a later date. He has been remanded in custody. | The case will return to court for a mention on Thursday, but Perrin will be sentenced at a later date. He has been remanded in custody. |