Forum Finance knew its stuff
The collapse of Bill Papasâ Forum Group has raised some searching questions among bankers who were presented with documents that looked authentic but were found to be fictitious.
Updated
Save
Share
As bankers sift through the wreckage left behind by alleged fraudster Bill Papas, they are discovering just how good his Forum Finance was at presenting documents that looked authentic.
The Federal Court heard last week that documents supplied by Forum Finance underpinned about $285 million in leasing finance supplied by Westpac, as well as another $115 million in leasing finance from Sumitomo Mitsui and Societe Generale.
Japanese bank is the latest to take Bill Papas to court for fraud neoskosmos.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neoskosmos.com Daily Mail and Mail on Sunday newspapers.