This article is from the Australian Property Journal archive
FORMER rich lister and Gold Coast-developer Craig Gore has been arrested and charged with allegedly defrauding self-managed superannuation fund (SMSF) investors.
Gore was arrested on 14 April 2017 and subsequently appeared in the Brisbane Magistrates’ Court on 12 counts of fraud relating to the obtaining of funds, totalling $800,000, from self-managed superannuation fund (SMSF) investors during 2013 and 2014.
The funds were allegedly to be invested in debentures associated with the companies Arion Financial Pty Ltd and Arion Property Pty Ltd.
Gore also faces three charges of acting in the management of three corporations (MOGS Pty Ltd, Sleipner Financial Pty Ltd and Arion Financial Pty Ltd) whilst disqualified from doing so.
The charges of fraud carry potential maximum penalties of between five and 20 years. The charges of acting in the management of corporations whilst disqualified each carry a maximum penalty of one year imprisonment or 50 penalty units.
This is the not the first time Gore has been in the limelight.
The former Top 200 Rich List member sued failed financial services and property company City Pacific in 2009 for $450 million, claiming City Pacific unlawfully appointed receivers to three of his companies.
City Pacific claimed it had loaned Gore and was owed $145 million.
Australian Property Journal
