Matthew Perrin was jailed for forging his ex-wife and brother's signatures to scam $13.5 million from the Commonwealth Bank.

He received an eight-year sentence in January 2017 after the judge labelled him remorseless for crimes he committed when the lavish life he had been living on the Gold Coast began unravelling.

But Queensland Corrective Services confirmed Perrin was no longer behind bars. He's been photographed by The Courier-Mail on the Gold Coast, despite not being eligible for parole until June 2020.

A hearing between Perrin and the state's parole board was held before Justice Peter Flanagan in the Supreme Court in March.

Decisions to release convicted criminals are made by the parole board or the courts, taking in an individual's health, family reasons, personal reasons, whether they've cooperated with law enforcement agencies and their participation in rehabilitation programs.

Perrin and ex-wife Nicole Bricknell had once made $57 million from their investment in Billabong, but he needed credit from the Commonwealth Bank to fund his ventures when they began to fail, a court was told.

He forged the signatures to secure a bank loan on the couple's $15 million waterfront home in Surfers Paradise.

The deception came undone in 2009 when Perrin dramatically confessed at an emergency family meeting he had "lost everything" and a jury found him guilty of three counts of fraud and six of forgery after the trial in Brisbane District Court.

Australian Associated Press