Alan Bond Dead

[smoooth2]

Alan Bond died at 10am today in Perth, Western Australia from complications during open heart surgery. Age 77

Bondy was a Western Australian larrikin entrepeneur of the 70-90's. He made a fortune in the real estate and Corporate take over business.

He was a household name in Australia during the 80-90's, particularly as he was the money behind Australia's successful America's Cup campaign of 1983

His life was a true entrepeneur's roller coaster ... a charasmatic character that the media could not get enough of.

[Somnat]

It seems that some people (according to Twitter) are still bitter about his business dealings .......

Alan Bond: Disgraced Australian entrepreneur dies aged 77

Mr Bond, who was born in the UK, became one of Australia's richest men, funding Australia's shock win of the America's Cup yachting race in 1983.

But he fell from grace in 1996 when found guilty of Australia's then biggest corporate fraud.

Mr Bond shot to public acclaim in Australia in 1983 after he bankrolled what would be the country's successful challenge of the coveted America's Cup yachting race.

But a decade later, the man dubbed Australian of the Year in 1978, fell spectacularly from grace.

In 1992 he was declared bankrupt, with personal debts totalling A$1.8 billion ($1.4bn;£900m).

He was jailed in 1997 for what would be described as Australia's biggest case of corporate fraud.

In Western Australia (WA), where his corporate collapse had the most impact on investors who lost money, not everyone remembers him favorably.

Few were willing on Friday to go on the record with their views. However, the Australian Financial Review quoted several business people who knew him well remembering how he had angered many with his "jet-set lifestyle" after investors were left with just half a cent in the dollar from his company's collapse.

Australian Treasurer Joe Hockey said Bond had been a colourful character, but had caused "a lot of reputational damage to Australia".

"Frankly he left a number of positive legacies but there were a lot of tears along the way," he told Radio 2GB.

Many harsh comments about Mr Bond's business dealings were also posted on Twitter.

(Extract from the BBC news online)

[davureborn]

Who he?

[NongKi bloke]

Absolute low life. Fraudster who claimed loss of memory then had a miraculous recovery. Arsehole.o

[nookiebear]

Absolute low life. Fraudster who claimed loss of memory then had a miraculous recovery. Arsehole.o

Wasn't he tied up in a Fosters Lager scam?

[smoooth2]

Absolute low life. Fraudster who claimed loss of memory then had a miraculous recovery. Arsehole.o

Wasn't he tied up in a Fosters Lager scam?

What's the story about a Fosters Lager scam Paul ? I tried Google ... but still nothing ?

[NongKi bloke]

http://www.abc.net.au/news/2015-06-05/alan-bond-obituary-americas-cup-hero-fraudster/6519154?appref%3Dflagship_ipad