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Eight-Year Prison Sentence For Billabong Surfwear Executive Matthew Perrin

Matthew Perrin committed million-dollar fraud.

27/01/2017 11:24 AM AEDT | Updated 27/01/2017 11:52 AM AEDT
Robert Rough / Fairfax Media
Matthew Perrin has been sentenced to prison.

Former Billabong executive Matthew Perrin has been sentenced to eight years in prison after million-dollar fraud was uncovered.

Perrin was convicted of nine fraud and forgery charges in Brisbane's District Court relating to using his then-wife's signature to access millions of dollars from Commonwealth Bank.

The fraud was uncovered after Perrin had a 49 per cent share of the Australian surfwear label in 2009, but all charges related to personal loans.

Sergio Moraes / Reuters
The fraud was not related to the Billabong label.

The court earlier heard he forged his wife Nicole Bricknell's signature to take out a $13.5 million loan, and also mortgaged the family's $15 million Surfers Paradise home without her knowledge. They are no longer married.

The ABC reported Judge Julie Dick said the bank was still owed about $9 million and that Perrin would be eligible for parole in late 2020.

More to come.

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