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NBL great Shane Heal on fraud charges

AAP logoAAP 18/11/2016

Australian basketball great Shane Heal has faced court accused of a $750,000 scam while in charge of three companies.

Heal, 46, appeared in the Brisbane Magistrates Court on Friday morning on three counts of fraud.

The four-time Olympian did not enter a plea to the charges, which followed an ASIC investigation into his conduct as a sole director of three companies.

ASIC alleges Heal dishonestly gained three benefits of $250,000, each from an investor in each of the companies: Shyfox, Cre8ive Constructions and 23 Investments.

The fraud is alleged to have occurred between 2008 and 2010.

All three companies have since been deregistered.

Heal has been one of the biggest names in Australian basketball, since making his National Basketball League debut with the Brisbane Bullets in 1988 when he was the rookie of the year.

He played for five different NBL clubs over 21 years and represented the Australian Boomers at four Olympics, including the 2004 Athens Games as captain.

Nicknamed Hammer, Heal also had two brief stints in the American NBA playing for the Minnesota Timberwolves and the San Antonio Spurs.

He coached in the NBL, WNBL and New Zealand league since retiring as a player in 2009.

Heal is on bail and is due to face court again on December 16.

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