Cambridge Aged Care fraudster gets stung himself – and goes to court to win retribution

Stephen Snowden built his six VIC aged care group Cambridge Aged Care group by taking $7M from Westpac via a loophole he discovered in the bank’s systems, plus he has the ATO pursuing him for unpaid taxes. He has now lost all the care facilities but along the way he himself was stung in a fraud by Melbourne solicitor John Voiton and his wife Clare Sowesbury. Utilizing Hong Kong front companies they offered loans that gave them first priority charge status – an alleged ruse to stave off real creditors. Snowden went to the Supreme Court alleging that a $420,000 loan was a sham that was intended to capture half the ownership of his aged care group. Justice Ross Robson decided that while all Snowden's case was not exactly as he claimed, the evidence ‘strongly suggested’ documents had been falsified, vindicating Snowden. Voiton did not get his 50% of the care facilities, but that is perhaps now academic given they are all in receivership.