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Westpac wins freezing order over sale of Papas’ girlfriend’s Sydney home
Financial Services 2022-01-25 4:51 pm By Christine Caulfield

The Federal Court has issued a worldwide freezing order over the assets of Bill Papas’ partner, which includes the proceeds of the $1.13 million sale of her home in Sydney’s inner west.

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Bill Papas’ cousin denies Westpac claims over $720,000 payment
White Collar 2022-01-13 6:46 pm By Cindy Cameronne

Forum Finance director Bill Papas’ cousin has hit back at Westpac’s allegations he wrongfully received $720,000 from the alleged fraudster in violation of freezing orders made in the bank’s lawsuit, which seeks to recoup $294 million paid into an alleged fraudulent scheme.

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Forum liquidators sue to wind up entity that got $2.6M in Bill Papas ‘loans’
Restructuring & Insolvency 2021-12-20 11:24 am By Miklos Bolza

Forum Group’s liquidators are seeking to wind up an entity owned by founder Bill Papas that received over $2.6 in “loans” from the alleged fraudster, as they work to recoup almost $400 million allegedly defrauded from three banks.

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Court tosses GM’s ‘speculative’ bid to declass Holden dealer class action
Class Actions 2021-12-17 6:02 pm By Miklos Bolza

General Motors has lost its bid to de-class a representative proceeding brought by former Holden dealers over its decision to retire the iconic brand, with a judge rejecting the car maker’s “speculative” argument that it would be prejudiced by further lawsuits after the class action was finalised.

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CBRE can’t dodge Trilogy Funds case over $34.8M valuation
Real Estate 2021-12-15 9:33 pm By Christine Caulfield

Commercial real estate giant CBRE Group has lost its bid to toss proceedings brought by fund manager Trilogy claiming the company negligently valued a Queensland marina at $34.8 million in 2006 and caused millions in losses.

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Former CFO dragged into Westpac’s $294M fraud case against Forum Group
Financial Services 2021-12-07 11:45 am By Miklos Bolza

The former chief financial officer of beleaguered Forum Group has been dragged into a lawsuit by Westpac seeking to recoup $294 million in funds paid into an alleged fraudulent scheme.

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‘We don’t understand’: Rentokil confused by ex-manager’s defence in $3.2M invoice case
Employment 2021-11-23 12:35 pm By Bianca Hrovat

A lawyer for Rentokil has told a court the pest control company is scratching its head over the defence by a former manager accused of a $3.2 million fraudulent invoice scheme, noting the employee admits invoices were paid into his personal account.

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Forum Finance director says Westpac’s case against him ‘hopelessly weak’
Financial Services 2021-11-12 12:25 pm By Christine Caulfield

Forum Finance director Vincenzo Tesoriero wants to strike out Westpac’s claims against him and has told a court he too is a victim of alleged fraudster Bill Papas, having sunk up to $9 million in the company.

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Western Power can’t palm legal costs onto Thiess for bushfire class action loss, court finds
Class Actions 2021-11-05 2:20 pm By Cindy Cameronne

Western Power is not entitled to palm off the legal costs of defending a class action after an appeals court found it was negligent in causing the January 2014 Perth Hills bushfire which destroyed 57 homes, a court has said.

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Ex-Rentokil employee denies fraudulent scheme led to $3.2M payment
Employment 2021-10-25 1:58 pm By Miklos Bolza

An ex-Rentokil supply manager has admitted that payments from the pest control company totalling $3.2 million were sent to his bank accounts but has denied this was part of a fraudulent invoicing scheme.

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