Hill goes bankrupt

Gordon Hill, a formerĀ  Police minister in the West Australian government has declared himself bankrupt in an apparent attempt to stave off legal action over the Firepower saga. My understanding is that a multimillion dollar lawsuit has been taken out against Mr Hill by unhappy Firepower investors. Mr Hill was one of the early director’s of Tim Johnston’s fraudulent fuel technology company and it is alleged in the lawsuit against him that he made millions from selling shares. His statement of assets in the bankruptcy proceedings includes a claim he has just over $20,000 in cash. Mr Hill is a lawyer and has been a director of a number of publicly listed companies both in Australia and overseas. The good news for Firepower investors is that this will, I am assured, not end the case despite a report to the contrary.

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