Petricevic to spend another four months in jail over Medici fraud

Wed, 18 Jul 2012

July 18 (BusinessDesk) - Former Bridgecorp managing director Rod Petricevic, 63, has had a further four months added to his existing six and a half-year jail sentence after he pleaded guilty to another four fraud charges. The additional charges relate to the fraudulent acquisition and financing of a luxury launch, the Medici, purchased using $3.5 million of Bridgecorp funds. A fraudulent transaction took place to finance, hide or disguise the purchase of Medici from the Bridgecorp board, the trustee and investors, the Serious Fraud Office (...

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