Andrew Demetriou is as crooked as they come

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Luv_our_club

Norm Smith Medallist
Feb 14, 2017
6,653
12,571
AFL Club
Hawthorn
He basically sold vulnerable people a dream of higher education, including free laptops, with one of those new bogus private colleges... as long as the students remain enrolled for a certain number of months the college gets gov funds from HECS and PALS and the college then completely loses interest in the student.

Basically, do you want the career of your dreams and a laptop for free.... join us..

The most cynical and exploitative business operation.
 

Richard Pryor

Brownlow Medallist
Feb 6, 2013
10,931
14,331
AFL Club
Hawthorn
What's going on?
Found article by reverse image searching OP. Hard to really pick out a paragraph that summarises it: https://www.edministrate.com.au/blo...l-taxman-probes-ex-afl-boss-demetrious-loans/
Acquire’s former directors — racing identity John Wall, Jesse Sahely, Damien Dau and Mr Demetriou’s nephew, Tim Demetriou — are likely to be grilled under oath as part of the probe, which a court has heard will question what happened to $15m loaned to shareholders, including Andrew Demetriou, and involve a “forensic investigation into misappropriation of funds”, taking in the fate of $22m in overseas transactions.

The ATO is also keen to get its hands on assets, including multi-million-dollar mansions and luxury cars, that it suspects Acquire’s directors failed to disclose to the company’s administrator, a blockbuster Federal Court affidavit sworn by the ATO’s director of significant debt management, Aris Zafirou, reveals.

Andrew Demetriou was never registered with ASIC as a director of Acquire.
But the government departments, which together pumped $107m in contract payments and student loans into Acquire and another $223m into training companies that were formerly subsidiaries of the company, threw their weight behind the ATO effort to ditch the DOCA.

There was “significant public interest” in investigating Acquire because of its “disgraceful” high-pressure sales tactics, exposed in a lawsuit brought by the Australian Competition & Consumer Commission that resulted in a $4.5m fine for Acquire, and the “use of intercompany loans and transactions to divert significant amounts of public funds obtained” under the VET FEE-HELP student loan scheme, federal Education Department official Richard Chadwick said in a letter of support sent to the ATO on June 20.
 

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IKnowtheDog

Norm Smith Medallist
Jan 25, 2016
7,705
6,478
AFL Club
Collingwood
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Seattle Seahawks
Nice bit of click bait there. Nobody would have a clue who the directors are so name AD in order to get the article read.
 

captain blood 17

1980🏆2017🏆2019🏆2020🏆
Dec 9, 2006
45,545
93,716
Tom Browns trash can
AFL Club
Richmond
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As if you don't know already....


I endorse this OP. He was exposed through the tanking scandal etc, but then the Essendon doping scandal really showed his depth of corruption.


Sent from my iPad using righteous Bhodi manpower
 

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