Hells Angel boss set to be
freed today after bail cut
12, 2011 - 1:06PM
Felix Lyle, centre, with his legal team,
was greeted by Strike Force Apia
officers at Surry Hills police station
on his arrest. Photo: James
Felix Lyle is set to be released from jail
today after a magistrate yesterday agreed to
slash the amount of cash he needed for bail.
weeks the Hells Angel head honcho has been
cooling his heels in Long Bay jail, having
failed to find an "acceptable person", that
is someone without a criminal record, who
was willing to put up $100,000 in cash.
"We come cap
in hand," Mr Lyle's lawyer Martin Ricci told
Central Local Court yesterday.
He said that
none of Mr Lyle's acquaintances had a spare
$100,000 cash lying around.
Mr Ricci asked
for the amount to be reduced to $20,000.
representing the Crown, objected, saying the
amount was not enough to be a deterrent.
In agreeing to
the reduced amount, the magistrate Lee
Gilmour said that bail should not be fixed
so high that it was "tantamount to bail
Mr Lyle, 54,
and his associate Terrence Reddy, 48, are
accused of using vulnerable people,
including a woman with terminal cancer, to
defraud millions of dollars from financial
documents tendered yesterday allege the pair
organised for these people to become
directors of various companies.
backs, Mr Lyle and Mr Reddy allegedly used
false and inflated documents in their
companies' names to obtain money
included a loan for the purchase of a
$63,000 Mercedes-Benz van from an Orange car
dealer and a mortgage for a $1.2 million
property in Botany Road, Alexandria.
they also seized fraudulent documents
relating to a property in Oxford Street,
Darlinghurst, which the group intended to
use as a tattoo parlour.
allege Mr Lyle obtained fraudulent funding
of $140,000 to acquire four Harley Davidson
allege no payments have been made on the
bikes and Mr Lyle knows where they are.
police say they intercepted a text message
from Mr Lyle about the bikes.
"Take 'em to
th cave," he is alleged to have instructed
As part of Mr
Lyle's bail conditions he has agreed to stay
away from millionaire car dealer Terry
Mullens, who owns a luxury car dealership in
five of Mr Lyle's Hells Angels associates
were charged over the alleged theft of four
luxury cars, and attempting to extort
$120,000, from Mr Mullens.
understands Mr Mullens had been asked if
he would provide Mr Lyle's bail money.
Mr Mullens has
had his own brush with the law, having been
sentenced to 18-months' periodic detention
in 1997 for his part in organising
fraudulent car loans.