Crocodile Dundee star Paul Hogan says he is missing $34 million from his bank account and alleges that his once-trusted financial advisor, Philip Egglishaw, stole his fortune.
Egglishaw was commissioned to maintain Hogan’s earnings in a Swiss bank account. But now, in a case that the Australian Crime Commission and the Tax Office say is the “country’s largest tax evasion scheme,” Hogan cannot access his accounts and Egglishaw cannot be found.
Prior to 2005, officials spent years investigating Egglishaw and his clients, which include Hogan and his partner John “Strop” Cornell. After years of legal battles, Hogan and Cornell agreed to a confidential settlement with the tax office over tax evasion claims at that time.
For the past 20 years, Hogan’s fortune was held in a bank run by the Geneva firm Strachans, but now, he says he cannot access his accounts and believes that Egglishaw has either “absconded with [the money] or spent it all”
There is a legal warrant out for Egglishaw in Australia, but sources say he is believed to be hiding in Switzerland, The Sydney Morning Herald reports. Hogan, who now lives in Los Angeles, has taken legal action against Egglishaw and hired one of the city’s top entertainment lawyers, Schuyler “Sky” Moore, to represent him.
“The actions of Egglishaw have now crossed the boundary of legality, and he is now engaging in criminal fraud, theft, and breach of fiduciary duty, and you are now directly aiding and abetting his criminal actions,” Moore said in an email to Egglishaw’s lawyer in Geneva, Paul Gully-Hart. “The Carthage Trust’s beneficiary [Hogan] is not going to stand idly by in the face of this theft, and he is going to take every step possible in every country possible to hold Egglishaw, Strachans, you, and your firm liable and brought to account.”