A bankrupt man who was living in a backpackers’ hostel when he was arrested on fraud charges tried to buy Melbourne’s historic Block Arcade.
Graeme John Effrett, 48, sent realtor Colliers false documents stating he had two bank accounts containing $US110,000 ($A146,000) each so he could enter the tender process for the iconic site, the Victorian County Court has heard.
Effrett, who was declared bankrupt in 2007, completed a tender for the city shopping arcade in April 2014, two months before his arrest at the Greenhouse Backpackers.
He has pleaded guilty to seven fraud, deception and theft offences that relate to unpaid rent, a stolen hire car and money he defrauded from a family neighbour and his ex-girlfriend.
Judge David Parsons…
Read the full article at: http://www.9news.com.au/national/2016/04/08/13/30/bankrupt-man-tried-to-buy-block-arcade