Farrow Convicted, Ordered To Pay $120,000

The former Pyramid Building Society chief executive, Mr Bill Farrow, was fined $50,000 yesterday for exceeding unsecured loan limits. The magistrate, Mr David McLennan, who also awarded $70, 000 in legal costs against Mr Farrow, told the Geelong Magistrates Court: ``What happened here amounted to

Pyramid Chief Fined $50,000

The former chief executive of the Pyramid Building Society, Mr Bill Farrow, was convicted and fined $50,000 yesterday for exceeding unsecured loan limits in the Farrow group of building societies. The Geelong magistrate, Mr David McLennan, said that Mr Farrow had breached his fiduciary duty and t