The former CEO of Gold Coast surfwear giant Billabong has lost his appeal against a fraud conviction.
However, Matthew Perrin has had six months shaved off his jail term.
The 44-year-old was sentenced to eight years behind bars back in January, after being found guilty of forging a number of signatures in a bid to scam $13.5 million from the Commonwealth Bank.
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Perrin even forged his then-wife Nicole Bricknell’s signature in 2008 to secure a loan on their luxury Gold Coast home to help fund his failing investments.
He will now be eligible to apply for parole in June 2020.