Login
Former SMSF spruiker sentenced in Brisbane Court
A former Queensland property developer has been sentenced after one charge of managing a corporation while disqualified.
In a public statement, ASIC said that Craig Gore had been sentenced following a plea of guilty in the Brisbane Magistrates Court to one charge of managing a corporation while disqualified. Mr Gore was ordered to pay a fine of $2,000.
Mr Gore was arrested in April 2017 after being charged with 12 offences of fraud and three offences of managing a corporation while disqualified.
ASIC said an investigation it undertook found evidence of Mr Gore playing a substantial role in the management of three separate Queensland entities between 2010 and 2014 while he was disqualified due to insolvency and a bankruptcy status.
The three entities included MOGS Pty Ltd, Sleipner Financial Pty Ltd, and Arion Financial Pty Ltd.
Mr Gore has been serving a term of imprisonment since October 2020 after being found guilty of six of the 12 fraud charges for which he was arrested in 2017.
“The Court found Mr Gore defrauded SMSF investors of approximately $800,000,” stated ASIC.
“The managing a corporation whilst disqualified charges had been adjourned pending the outcome of Mr Gore’s trial for the fraud charges and his subsequent appeals which were unsuccessful.”
Due to the conviction of fraud, Mr Gore is automatically disqualified from managing corporations for five years commencing the day he is released from prison, it noted.
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
Subscribe to the
BULLETIN
Get the latest news and opinions delivered to your inbox each morning
Subscribe
