Prosecutors drop Shane Heal fraud charges

n basketball great Shane Heal says he is relieved after fraud charges against him were dropped, days before he was due to go to trial.
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The 46-year-old had been accused of defrauding Philadelphia 76ers NBA coach Brett Brown of $750,000 when Heal was sole director of three companies, which are all now deregistered.

He was due to stand trial at the Brisbane District Court on Monday however charges against him have been dropped, his lawyers say.

“I am very pleased with the outcome,” Mr Heal said.

“I have always maintained my innocence and have fought this from day one.

“I would like to thank everyone who has supported me through these difficult times, especially my family and close friends.

The four-time Olympian was charged in 2016 following an n Securities and Investments Commission investigation relating to alleged misconduct in 2008, 2009 and 2010.

His lawyer, Darren Mahony, said late Friday the Commonwealth Director of Public Prosecutions Office had discontinued the charges.

“Shane has always maintained his innocence and has been vigorous in his defence.”

His legal team previously told the Brisbane District Court that the three ventures the money had been loaned by Brown for – to acquire a coffee shop in Southport, set up a construction fit-out business and clinch a deal over a burger franchise – were all eventually realised.

At an earlier hearing, Brown said he felt he was lending money to Heal personally, even if the legal particulars were otherwise “because it was a friend that I had for 25 years”.

At the time of the alleged offending, Heal was the sole director of the three companies involved – Shyfox Pty Ltd, Cre8ive Constructions Queensland Pty Ltd and 23 Investments Pty Ltd.

Heal’s glittering playing career included two stints in the NBA with the Minnesota Timberwolves and the San Antonio Spurs.

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