In the Greek city of Xanthi, locals have for some years been ruing the day Australian entrepreneur Bill Papas thought it’d be a good idea to buy the local football team.
Papas was on Friday deemed the architect and chief beneficiary of a $500 million bank fraud perpetrated by his Forum Finance, which peppered major lenders with fake invoices for office equipment.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
