Terry" ... Terence Reddy was one of the
last people to see Michael McGurk alive.
MEET the man
known as the ''Black Prince'' and ''Teflon
was one of the last people to meet the
last-resort lender Michael McGurk before he
was murdered, and one of his closest
confidants. He also worked for McGurk's
company Bentley Smythe, arranging loans at
extortionate rates to desperate people.
Mr Reddy has
kept a low profile since McGurk's murder a
year ago, but yesterday he appeared in the
NSW Supreme Court, where he was accused of
orchestrating a mortgage fraud scheme along
with the head of the Bandidos bikie gang,
fraud dates back to 2005 when he was running
a company called Invest One.
Mr Reddy is
accused of forging documents and signatures
to defraud Perpetual Trustees Victoria of up
to $539,500 in October 2005, then spending
it on top-of-the-range BMW and Mercedes
Mr Lyle was
also accused of benefiting from the scheme.
faces criminal charges, as the evidence has
emerged as part of a civil lawsuit brought
by the lender.
accusations against Mr Reddy were made by
the barrister Brian Skinner. Mr Skinner's
client, Ann-Marie Menzies, is the owner of
the Stanmore house Mr Reddy allegedly used
as security for the loan. She accuses Mr
Reddy of forging her signature, of using her
identity in the application to the bank
without her knowledge as well as forging a
certificate of title for her home.
declined to comment outside court yesterday.
He will appear as a witness tomorrow.
Yesterday his lawyer, Vatche Janoyan,
applied for an adjournment on the grounds
that Mr Reddy ''may be incriminated by
giving certain evidence''.
Trustees Victoria has sued Miss Menzies,
alleging she is liable to the bank for the
loans and that she has falsely claimed to
have been the victim of identity theft.
has conceded she knows Mr Lyle, having
previously put her home up as security for
his bail when he was facing criminal
In 2004, Mr
Reddy was named in a separate legal case as
having lent $250,000 worth of $50 notes to a
convicted heroin dealer. The dealer on-lent
the money for a property development. The
money was seized as the proceeds of crime.
Mr Reddy failed to appear in court to
respond to those allegations.