The Pallion Group has been involved in one of the most high-profile court cases involving the precious metals sector, battling with the Australian Taxation Office over GST payments. Pallion is comprised of multiple entities, including ABC Bullion, ABC Refinery, and Palloys.

L to R: Phillip Cochineas, Andrew Cochineas, Janie Simpson and Paul Cochineas at the Sydney ABC Bullion flagship centre opening in May 2023. | Source: ABC Bullion

Andrew Cochineas

Phillip Cochineas

Paul Cochineas

Federal Court documents show that EBS’s turnover increased by more than $600 million in two years. (Note 2012 year is an estimate based on five months.)

Director Janie Simpson: "had actual knowledge of the fraudulent activities".