Melbourne poker professional William Jordanou was charged in court for $100 million fraud, after providing false documents to the Commonwealth Bank.
He got this amount in the form of loans, along with three other people and used the money for various lifestyle and property projects, according to prosecutor Luke Excell.
Excell explained that Jordanou purposefully provided the bank with false tax documents, letters of employment and invoices, to make sure he gets the loans, and is currently looking at 142 charges.
Jordanou has extensive experience in Australian poker rooms and is ranked in Australia’s top 50 most successful poker players, with more than $592,000 in winnings.
The player took part in a lot of tournaments, following Australian gambling laws and he won $300,000 at the $100,000 Challenge in 2010 and at the No Limit Hold’em $250,000 Challenge in 2009, he was the final winner and took home $200,000.
George Defteros, Jordanou’s lawyer, commented that his client will contest the charges: “They will be strenuously defended, we’ve been working on this the last two and a half years.”