This article is from the Australian Property Journal archive
A FORMER Brisbane based developer and director of Blueprint Developments has been committed to stand trial on criminal charges.
Keith McCoy, of Paddington, Brisbane, has been committed to stand trial in Brisbane’s District Court on fourteen criminal charges laid by the Australian Securities and Investments Commission.
McCoy appeared in the Brisbane Magistrates Court yesterday in relation to five counts of forging cheques and nine counts of dishonestly using his position as a company officer following ASIC’s investigation into the collapse of Blueprint Developments (Aust) Pty Ltd.
In July 2006, McCoy was banned from managing corporations for three years and was subsequently declared bankrupt on January 29 2007.
Based in Brisbane, Blueprint Developments was involved in the construction and redevelopment of Sydney commercial properties between 2000 and 2003.
The company collapsed in May 2003.
ASIC alleges McCoy committed the offences between September 11 2001 and June 12 2003.
Investors from Blueprint Finance Company Limited, another Brisbane-based company which provided mezzanine finance for the Sydney development projects, suffered losses of over $10 million as a result of the collapse of Blueprint Developments.
Australian Property Journal
