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: Westpac
Bill Papas’ Greek business partner says he knew nothing of the Forum Group founder’s alleged…
MYTILINEOS S.A. has reached financial close with lenders ANZ and Westpac on the non-recourse portfolio…
Westpac has won approval from an Australian court to launch legal action in Greece to…
Alleged fraudster Bill Papas celebrated Christmas and the new year in Greece, evading arrest by…
Greek company Mytilineos announced on Thursday it has reached financial close on the non-recourse financing…
Alleged fraudster and football heavyweight Bill Papas has emerged from hiding in Greece, appearing at…
Freezing orders have been expanded against Vince Tesoriero, the business partner of alleged fraudster Bill…
Bill Papas, the Greek-Australian businessman at the centre of $400 million fraud allegations, has finally broken his silence after failing to meet multiple court deadlines.
Forum Group, the entity at the centre on an alleged $400 million fraud against Westpac,…
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 chief executive and soccer heavyweight Bill Papas, who is at the centre of…
Bill Papas, the Sydney football personality at the spotlight of fraud allegations by Westpac, allegedly…
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.”