Bond Corporation
| Alan Bond | |
|---|---|
| Born |
22 April 1938 Hammersmith, London, England, United Kingdom |
| Died | 5 June 2015 (aged 77) Murdoch, Western Australia |
| Cause of death | Complications from heart surgery |
| Nationality | Australian |
| Other names | "Bondy" |
| Occupation | Businessman |
| Known for | Business magnate, yachting sponsor and corporate criminal |
| Criminal charge | Corporate fraud |
| Criminal penalty | Four years imprisonment |
| Spouse(s) |
Eileen Hughes (m. 1955; div. 1992) Diana Bliss (m. 1995; d. 2012) |
| Children | Four |
| Website | beda |
Alan Bond (22 April 1938 – 5 June 2015) was an 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 challenge 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.
Born in London and raised in Australia from the age of 12, Bond began his career as a signwriter and formed what became the 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 (awarded jointly with Galarrwuy Yunupingu). 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. The funds were used to shore up the cash resources of the ailing Bond Corporation, which spectacularly collapsed, leaving Bell Resources in a precarious situation. Following release, he became active in various mining investments, predominately in Africa, including Madagascar Oil PLC and Global Diamond Resources, and was included in Business Review Weekly's "Rich 200 List" in 2008.
Alan Bond was born on 22 April 1938, the son of Frank and Kathleen Bond in the Hammersmith district of London, England. In 1950, aged 12, he emigrated to Australia with his parents and his older sister Geraldine, living in Fremantle, near Perth. At age 14, he was charged with stealing and being unlawfully on premises. At age 18, he was arrested for being unlawfully on premises and reportedly admitted planning a robbery.
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