Appeal cuts short Bond’s prison term

Nine Net's former owner released after 3 years served

SYDNEY — A successful High Court of Australia appeal resulted in Alan Bond, the bankrupt former owner of the top-rated Nine Network, being released from jail Friday after serving three years for an art scam and Oz’s biggest corporate fraud scheme.

Bond was serving a three-year prison term for a fraudulent sale of Manet masterpiece “La Promenade” and a separate seven-year sentence for an A$1.2 billion ($732 million) defrauding of local conglomerate Bell Resources in 1988 to keep his since-collapsed Bond Corp. afloat.

More Biz

  • Netflix Reed Hastings

    Netflix Stock Closes at All-Time High, Nudging Market Cap Ahead of Disney's Again

    SYDNEY — A successful High Court of Australia appeal resulted in Alan Bond, the bankrupt former owner of the top-rated Nine Network, being released from jail Friday after serving three years for an art scam and Oz’s biggest corporate fraud scheme. Bond was serving a three-year prison term for a fraudulent sale of Manet masterpiece […]

  • Mario Batali

    Mario Batali's Three Las Vegas Restaurants to Close Following Harassment Allegations

    SYDNEY — A successful High Court of Australia appeal resulted in Alan Bond, the bankrupt former owner of the top-rated Nine Network, being released from jail Friday after serving three years for an art scam and Oz’s biggest corporate fraud scheme. Bond was serving a three-year prison term for a fraudulent sale of Manet masterpiece […]

  • Hollywood's Magic Castles Head to China

    Hollywood's Magic Castles Head to China

    SYDNEY — A successful High Court of Australia appeal resulted in Alan Bond, the bankrupt former owner of the top-rated Nine Network, being released from jail Friday after serving three years for an art scam and Oz’s biggest corporate fraud scheme. Bond was serving a three-year prison term for a fraudulent sale of Manet masterpiece […]

  • Is Spotify Walking Back Its Anti-Hate

    Is Spotify Walking Back Its Anti-Hate Policy?

    SYDNEY — A successful High Court of Australia appeal resulted in Alan Bond, the bankrupt former owner of the top-rated Nine Network, being released from jail Friday after serving three years for an art scam and Oz’s biggest corporate fraud scheme. Bond was serving a three-year prison term for a fraudulent sale of Manet masterpiece […]

  • Ryan Kavanaugh Relativity

    Ryan Kavanaugh Backs Longshot Sheriff Campaign

    SYDNEY — A successful High Court of Australia appeal resulted in Alan Bond, the bankrupt former owner of the top-rated Nine Network, being released from jail Friday after serving three years for an art scam and Oz’s biggest corporate fraud scheme. Bond was serving a three-year prison term for a fraudulent sale of Manet masterpiece […]

  • Harvey Weinstein

    Harvey Weinstein to Be Arrested on Friday in New York

    SYDNEY — A successful High Court of Australia appeal resulted in Alan Bond, the bankrupt former owner of the top-rated Nine Network, being released from jail Friday after serving three years for an art scam and Oz’s biggest corporate fraud scheme. Bond was serving a three-year prison term for a fraudulent sale of Manet masterpiece […]

More From Our Brands

Access exclusive content