Alan Bond was an Australian business magnate, yachting sponsor and convicted corporate criminal. He born on April 22, 1938 in London, England and emigrated to Australia at age 12. Beginning his career as a sign writer, Bond formed what was to be Bond Corporation in 1959. He became a public hero in his adopted country after bankrolling challenges for the America's Cup, which resulted in his selection in 1978 as Australian of the Year. His Australia II syndicate won the 1983 America's Cup, which had been held by the New York Yacht Club since 1851, thus breaking the longest winning streak in the history of sport. The victory was viewed as the time when Australia came of age and made its mark on the international stage. In 1987 Bond bought the Nine Network from Kerry Packer for $1 billion, but sold it back to the billionaire for a fraction of the price just three years later. In 1992 Bond was declared bankrupt with personal debts totalling A$1.8 billion. He was subsequently convicted of fraud and imprisoned after pleading guilty to using his controlling interest in Bell Resources to deceptively siphon off A$1.2 billion into the coffers of Bond Corporation. The funds were used to shore up the cash resources of the ailing Bond Corporation, which spectacularly collapsed, leaving Bell Resources in a precarious situation. Following his release, Bond became active in various mining investments, predominately in Africa, including Madagascar Oil PLC and Global Diamond Resources, and was included in Business Review Weekly's ‘Rich 200 List’ in 2008. Bond died on May 5, 2015, aged 77, following complications from heart surgery.