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'Long-running, calculated and elaborate fraud': Firm at the centre of Westpac scandal to be wound up


‘Long-running, calculated and elaborate fraud’: Firm at the centre of Westpac scandal to be wound up
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The Federal Court has ordered the company at the centre of an alleged $250 million fraud against banking giant Westpac be placed into liquidation, while the exact whereabouts of its football personality director remain unknown.
Sydney-based Forum Finance allegedly used false invoices and forged signatures to obtain Westpac loans without the consent of at least seven of the major bank’s corporate clients. Westpac has pursued legal action to have the company liquidated in the hope of recouping losses that could run into the hundreds of millions of dollars. ....

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Star Hill Financial Launches SH Franchise Finance - News


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Star Hill Financial Launches SH Franchise Finance
May 03, 2021, 07:42 AM
Star Hill Financial announced the creation of a new division, SH Franchise Finance, with the addition of three key leaders.  Mike Orlov and Greg McNally were appointed Senior Vice President, Business Development Officer and Christopher Wellbrock was appointed Senior VP of Credit.  Keith Smith, Star Hill’s President of Equipment and Franchise Finance stated, “With my experience leading the franchise finance division at Sterling National Bank, I saw a unique opportunity in the marketplace to bring a fresh balance sheet to support the franchise industry.  We will continue to support national brands with a focus on Tier 1 and Tier 2 quick serve restaurants.” ....

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