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BUSINESS
May 30, 1992 | From Times Staff and Wire Reports
Alan Bond Sentenced to Prison: The bankrupt Australian tycoon was sentenced to 2 1/2 years in prison for dishonesty, but his lawyers said he plans to clear his name. Bond, 54, was jailed in Perth, Australia, by Judge Peter Blaxell one day after a jury found him guilty under Western Australian securities law of dishonesty in relation to an attempted rescue of failed Perth finance company Rothwells Ltd. in 1987.
BUSINESS
July 8, 1991 | GEORGE WHITE, TIMES STAFF WRITER
In a bid to eliminate the kind of corporate scandals that have discouraged some Americans and other potential foreign investors from doing business in Australia, the government is beginning to put teeth into its young securities watchdog agency. The Australian Securities Commission was created in January to root out illegal and improper financial conduct and improve a business image sullied in the 1980s by some of the country's high-flying corporate power brokers.
NEWS
August 6, 1991 | BOB DROGIN, TIMES STAFF WRITER
Alan Bond was the highest of this nation's high fliers, the wildest of its Wild West entrepreneurs. He was the loud-mouthed Aussie who stunned the sporting world in 1983 by winning the America's Cup yacht race. Four years later, he astounded the art world by paying $53.9 million for Van Gogh's "Irises," a then-record price for a painting. Bond was the British-born sign painter who rose from this backwater town to run an $8-billion corporate empire that spanned five continents.
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