In June 2021, Westpac uncovered an alleged multi-million dollar fraud perpetrated by Sydney leasing company Forum Finance. Forum, led by Bill Papas, is accused of creating fake lease agreements for non-existent equipment, resulting in losses exceeding $500 million for Westpac and other banks. The case is nearing judgment in October 2024, with potential consequences for Forum-linked companies and individuals, including Papas who fled the country.
Tag: Forum Finance
Westpac has dropped its case against the Greek business partner of alleged Forum Finance fraudster…
Alleged fraudster Greek Australia Bill Papas has been 'busted' shopping in the ritzy seaside suburb…
Forum Group chief executive Bill Papas will maintain his grip on Greek football team Xanthi…
Investigations into allegations of hefty fraud by Forum Finance and Bill Papas have now involved…
Freezing orders have been expanded against Vince Tesoriero, the business partner of alleged fraudster Bill…
Doubt has been cast over the financial standing of Sydney Olympic FC, as it surfaces…
“I’ve made two orders, I don’t make orders on the basis that they can be treated like traffic lights in Athens, I want them complied with”, Justice Lee said.
CEO of Forum Finance and football personality Bill Papas, believed to be at the centre…
Federal Court judge Michael Lee has ordered Forum Finance, which is at the centre of…
Forum Finance CEO and soccer heavyweight Bill Papas will face Westpac in the Federal Court…
Forum Finance, a financial firm run by football personality and entrepreneur Bill Papas is being sued by one of Australia's "Big 4 banks" Westpac over alleged “significant potential fraud.”