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Scandal Pendles Taken for $2 mill

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Mar 21, 2006
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Former Collingwood captain Scott Pendlebury has launched a $3m lawsuit against his longtime friend and former manager Jason Sourasis, accusing him of siphoning money from his investment accounts.

The two-time premiership player alleges Mr Sourasis misappropriated $2.1m over almost a decade.

Might need to hit 600 games to earn it back.
 
Surely when your Manager asks you for a 1 day loan of $300K some red flags go up? Maybe some of the investments did not quite get the return and he is trying to recoup cents in the dollar. So much for a mate looking after you.

I wonder how many other clients this guy has allegedly stolen from?
 
Surely when your Manager asks you for a 1 day loan of $300K some red flags go up? Maybe some of the investments did not quite get the return and he is trying to recoup cents in the dollar. So much for a mate looking after you.

I wonder how many other clients this guy has allegedly stolen from?

He made Liam Pickering look like a fool ten years ago when he left the business, I think Liam will be the happiest bloke in the world today seeing all this come to light.
 

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Obviously Pendlebury is the victim here but how do you not know $2 million has been withdrawn from your investment accounts over a decade?

Has he blindly trusting this one guy with his whole financial future and not involved in the slightest?
 
Might’ve lost Pendles, but in better news he’s just signed Jacob Weitering as a new client
 
Might’ve lost Pendles, but he’s just signed Jacob Weitering as a new client

I just hope Jacob has let Prince Akembo know that there may be a delay in his Western Union transfer while he gets this change in management sorted out. The man is relying on that money to help access his late father's vast fortune and seize the throne from the generals.
 

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Obviously Pendlebury is the victim here but how do you not know $2 million has been withdrawn from your investment accounts over a decade?

Has he blindly trusting this one guy with his whole financial future and not involved in the slightest?
You have to have a little bit of trust when picking someone to manage your finances

Also very easy to be defrauded unless you are pretty vigilant about it. It's clear once the fallout after he "Borrowed 300k for a day (What the ****?" he's started digging, broke ties and had someone on the outside audit and have figured it out
 
Complete coincidence but he was the chairman of A league club Western United, which was forced to fold because it couldn't pay its players and staff and had huge debts. I'm sure it has nothing to do with that though.
Coincidence? His manager/adviser led the consortium to tender for the license. Pendlebury is one of the investors in the club.

Can I just add, that Western United deal with the council is quite unbelievable and they stood (probably still stand) to make some serious money out of it.

But, the guy seems light on detail and can’t run the club. I think he is just buying time in the hope of selling the club with the very lucrative land bank gifted to the club (conditional).

If your accountant/manager/adviser asks you for money, you know it’s time to pack up and go.
 
Who gives access to a 3rd party to enable them to access their own bank account? I don't care what the arrangement was or who he was dealing with, you don't give anyone any access to your accounts.

My wife and I have just engaged a financial planner (as we are nearing 60) and there is no way they are getting access to our accounts unabated.

Also, the article states that over 50 withdrawals were done between Jan 2015 and Dec 2023 and Pendlebury has only just become aware of these?

Am I missing something here?
 
Who gives access to a 3rd party to enable them to access their own bank account? I don't care what the arrangement was or who he was dealing with, you don't give anyone any access to your accounts.

My wife and I have just engaged a financial planner (as we are nearing 60) and there is no way they are getting access to our accounts unabated.

Also, the article states that over 50 withdrawals were done between Jan 2015 and Dec 2023 and Pendlebury has only just become aware of these?

Am I missing something here?
It wouldn’t be all their accounts

The Macquarie account was likely set up as an investment account specifically and access granted as part of managing/allocation of the investment portfolio
 
Lost a fiver the other day, fell out of my pocket. My own fault for being a lazy campaigner and not putting it in my wallet but anyhow, I was pretty devo. Coulda bought a choccie milk for that, five bucks is five bucks.
Scotty P dropping millies and doesn't even notice.

"Hey mate can I borrow three hundred thousand dollars? Pay you back tomorrow"
"Yeah sure mate no worries"

:drunk::drunk::drunk:
 

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Lost a fiver the other day, fell out of my pocket. My own fault for being a lazy campaigner and not putting it in my wallet but anyhow, I was pretty devo. Coulda bought a choccie milk for that, five bucks is five bucks.
Scotty P dropping millies and doesn't even notice.

"Hey mate can I borrow three hundred thousand dollars? Pay you back tomorrow"
"Yeah sure mate no worries"

:drunk::drunk::drunk:
Hey Toump can I borrow $5? Pay you back tomorrow
 
Instead, the two former mates agreed that Mr Sourasis would have between six months and a year to repay the money, at an eye-watering 50 per cent per annum interest.

Pendlebury claims Mr Sourasis is yet to repay a cent.

Whoa
Geez Pendles, missed opportunity for ya, I would have offered you 80% pa interest and not paid the money back.

Basketball GIF by DrSquatchSoapCo
 
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Scandal Pendles Taken for $2 mill

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