Description
Alan Bond is a British-born Australian businessman noted for his high-profile business dealings, including his central role in the WA Inc scandals of the 1980s, and what was at the time the biggest corporate collapse in Australian history; for his bankrolling the successful bid for the 1983 America's Cup, the first time the New York Yacht Club had ever lost it in its 132-year history; and also for a criminal conviction that saw him serve four years in prison.
Beginning his career as a signwriter, Bond formed what was to be Bond Corporation in 1959. He became a public hero in his adopted country after bankrolling challenges for the America's Cup, which resulted in his selection in 1978 as Australian of the Year. His Australia II syndicate won the 1983 America's Cup, which had been held by the New York Yacht Club since 1851, thus breaking the longest winning streak in the history of sport.
In 1992, Bond was declared bankrupt with personal debts totalling A$1.8 billion. He was subsequently convicted of fraud and imprisoned after pleading guilty to using his controlling interest in Bell Resources to deceptively siphon off A$1.2 billion into the coffers of Bond Corporation.
Born
April 22nd, 1938 in Hammersmith / Died: Jun 5th, 2015
Last Changes
2015/06/07
The celebrity has been marked as passed away
2010/03/29
New Event: 2010/04/26 - Berkeley, CA, United States of America (USA)
2010/02/11
New Event: 2010/03/01 - Berkeley, CA, United States of America (USA)