Hells Angels boss pleads guilty over $2.1m swindle
Wheels off … Felix Lyle. Photo: James Alcock
THE attempt to branch into a new field of criminal endeavour by the Hells Angels boss Felix Lyle has fallen flat, with the underworld figure pleading guilty yesterday to attempted fraud worth more than $2.1 million.
A decade ago, Lyle, or Big F as he is known, was drummed out of the Bandidos, a rival outlaw motorcycle gang, for allegedly being ''not of good character''.
The 55-year-old, who appeared in the Downing Centre Local Court yesterday, was convicted of two counts of dishonestly obtaining financial advantage by deception and one count of knowingly dealing with crime proceeds.
Documents with the court showed the bikie boss convinced ''vulnerable people'' to become directors of shelf companies.
Lyle and his co-accused, Terence Reddy, nicknamed the Black Prince, had forged financial documents in the names of these directors and the shelf companies, which were then used to apply for loans.
In 2010, Lyle, now bankrupt, and Reddy applied to brokers and financial institutions to obtain finance to buy four excavators worth $940,000 and a commercial property in Botany Road, Alexandria, worth $1.2 million.
Police were covertly watching the men and ensured that both sales did not go ahead.
One of the ''vulnerable people'' was a woman with terminal cancer who has since died.
Neither she nor another woman who signed on as a director of a shelf company knew about or gave permission for the financial applications.
The proceeds of crime charge related to four Harley-Davidson motorcycles worth $140,000. Police said no settlement or instalments had been made with the dealership in Orange where the motorbikes were purchased.
Although the motorbikes in question were used in a ''national run'' with Hells Angels across NSW, Victoria and South Australia, they have since disappeared.
Last year, Lyle and Samir Jouayde, a tattoo shop owner and fellow Hells Angel, were charged with trying to extort $120,000 from a luxury car dealer, Terry Mullens. Those charges were subsequently dropped.
Lyle, who will be sentenced next month, is likely to join his son Dallas Fitzgerald in prison. Fitzgerald was jailed last year for his part in the audacious attempted $150 million sting on JPMorgan.
In 2002, father and son were the subject of a murder plot by the now jailed Anthony Perish. However, the hired assassin mistook a visiting New Zealander who was drinking with his father in a hotel in Sydney's Chinatown. Despite being shot three times, the man survived.