Half a Billion Dollar Bill

From unremarkable photocopier salesman to mastermind of Australia's largest corporate fraud, the allegations against Bill Papas are staggering. He is accused of netting almost half a billion dollars in an audacious, and deviously simple, scam. And so far, he seems to have gotten away with it. In a joint investigation by 60 MINUTES, The Sydney Morning Herald and The Age, Tom Steinfort reports how Papas has fled Australia for Greece, and reveals the failed businessman's luxurious new life. It's one that will surely enrage the victims of his alleged swindle.

Reporter: Tom Steinfort

Producers: Thea Dikeos, Sarah Danckert, Charlotte Grieve

Statement from Bill Papas:

The reporting and opinions publicly advanced about Forum and other entities have been formulated without the benefit of a contradictor. This is because I have been deprived of the opportunity to fund any meaningful engagement with Federal proceedings commenced by a well-resourced financial institution. I do intend to address the matters raised at an appropriate time but for now, my primary focus is my health.