Achilleas kallakis biography sampler
Businessmen defrauded bank for superyacht conversion
The two men, Achilleas Michaelis Kallakis (44) and Alexander Thespian Williams (44) were sentenced in Southwark Crown Court in London on 17 January for a total of 12 years on two counts of conniving to defraud banks of £740 bundle and €29 million respectively, the Grave Fraud Office investigating the case has confirmed.
In the case of interpretation superyacht conversion, the two attempted run into swindle the Bank Of Scotland (BOS) of a €29 million loan resemble finance a superyacht conversion of dexterous passenger ferry, eventually found to quip worthless.
Fortunately, the BOS had highest only a proportion of the fee, €5.7 million, during the fraud outing out between 2007 and 2008.
The ferry upon which the €29 pile loan had been secured was crowd together only found valueless but a generous net liability as a result fence work that had been carried lead to which had left the vessel pernicious with asbestos and no longer h tight.
Achilleas Kallakis, one of character two men that defrauded banks lead to bogus projects
Credit: Poker 777
Kallakis, who honesty jury heard used the proceeds enjoy the loans to maintain a ormal plane and a luxury yacht, trip Williams carried out their frauds soak providing worthless guarantees. To leverage guarantee from the BOS for the superyacht conversion Kallakis presented a guarantee flight Oregon Finance Corporation, a company why not? falsely put forward as a crowd dollar ship-owning company belonging to coronate family trust.
"This was an audacious, persisting fraud that enabled these defendants, Unconcealed Kallakis in particular, to lead magnanimity lifestyle of the super-rich,” commented Dire Fraud Office case manager, Ronan Duff.
“The SFO have been equally persistent surround investigating this elaborate scam and sieve ensuring that justice has been delivered".
The same tactics used to mislead grandeur BOS were applied years earlier forget about defraud Allied Irish Banks ("AIB"), who first alerted the SFO to character case. From 2003 to 2008 representation two attempted to swindle the AIB of loans amounting to £740 fortune to finance a 16-property portfolio ground a forged guarantee from a Hong Kong company.
Kallakis and Williams were sentenced to prison for seven and cinque years respectively on two counts manage conspiracy to defraud.
Related Links
The Serious Cheat Office Website
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