This article is from the Australian Property Journal archive
IMPRISONED former Queensland property developer, Craig Gore, has been sentenced to pay a $2,000 fine after pleading guilty to managing three companies while disqualified.
Gore was sentenced in the Brisbane Magistrates Court to one charge of managing a corporation between 2010 and 2014 while he was disqualified due to insolvency and bankruptcy status.
The three entities included MOGS Pty Ltd, Sleipner Financial Pty Ltd and Arion Financial Pty Ltd.
Gore was arrested back in 2017, having been charged with 12 offences of fraud and the three counts of managing a corporation while disqualified, following an ASIC investigation.
Gore has been serving a term of imprisonment since October 2020, after being found guilty of six of the 12 fraud charges, with the other charges adjourned pending the fraud charge outcome.
The court found Gore guilty of defrauding self-managed superannuation fund investors of approximately $800,000.
Having been convicted of fraud Gore is automatically disqualified from managing corporations for five years, beginning the day he is released from prison.
Managing a corporation while disqualified carries a maximum penalty of five years imprisonment or 600 penalty units for an individual and 6000 for a corporation, as at March 2019.
