Eight-years jail for ex-Billabong boss Matthew Perrin
WHITE collar criminal Matthew Perrin will serve eight years in jail for fraud and forgery.
In sentencing him today Judge Julie Dick said Perrin had shown no remorse and his denials were blatant lies.
"I find you did make that confession and it was true," Judge Dick said, referring to a lengthy confession note Perrin denied authoring.
She said the 44 year old abused the trust of his wife and family.
He must serve a head sentence of eight years for fraud, as well as six years for forging a bank guarantee and seven years for forging his mortgage.
The terms will be served concurrently.
He will be eligible for parole after four years.
EARLIER: Prosecutors have asked the judge sentencing disgraced high-flyer Matthew Perrin to lock him up for as long as nine years.
Crown Prosecutor Glenn Cash told Judge Julie Dick in the District Court this morning that the fraud conviction was the most serious of Perrin's six charges, and he should serve nine years.
He could also be ordered to serve seven years for forging mortgage documents over his family's luxury Gold Coast home, and six years for forging bank guarantees - however these sentences would be served concurrently so he would only serve a nine year head sentence.
The Commonwealth Bank is still out of pocket to the tune of $9 million, the court was told.
The 44 year old's barrister Andrew Hoare told the court that Perrin was "naive" and always intended to repay the $13.5 million loan using the proceeds of selling his investments in Chinese supermarkets.
But the investment soured and he was left unable to pay.
The Chinese supermarket deal - which triggered his financial ruin - involved investing about $9 million in the hope of getting a return of up to $30m.
Perrin's ex-wife Nicole Bricknell got to keep the Cronin Island house after a legal battle with the bank. She sold it for $6.1 million in January 2012.
The hearing continues.
EARLIER: Disgraced corporate high flyer Matthew Perrin has arrived at a Brisbane court for his sentencing on fraud and forgery charges.
Accompanied by corrective services officers and dressed in a neat blue suit, without a tie, Perrin looked calm as he entered court 28 at the Brisbane District Court.
Judge Julie Dick has begun today's hearing, with the 44 year old's barrister Andrew Hoare set to tender character references and psychological reports outlining Perrin's mental health.
He has spent the past 48 days in custody since he was convicted by a jury in December.
The hearing continues today.