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Ian Omar Chester, a former Gold Coast property improvement firm director, has been charged with a number of prison offences following an investigation performed by the Australian Securities & Investments Fee (ASIC) into Southeast Queensland property improvement firms.
Chester was charged with 15 counts of fraud, three counts of falsifying firm books and data and two counts of offering false or deceptive info to the members of a company as he appeared earlier than the Southport Magistrates Court docket.
The fees have been in relation to Chester’s actions with the Vested group of firms the place 14 have been wound up on 9 July 2021. Within the aftermath, an additional firm was liquidated.
On 13 July 2021, the ASIC took motion in opposition to Chester and his spouse, Sophie Sylvia Chester, to protect their belongings. Whereas the asset preservation orders have been made, the proceedings have been discontinued in March 2022.
On 25 July 2022, Chester introduced a debtor’s petition and was declared bankrupt.
The utmost penalties for fraud vary between 14 to twenty years of imprisonment, relying on the circumstances surrounding the prison offence. For falsification of firm books, the utmost penalty is both two years of imprisonment or 100 penalty models or each, whereas offering false info to members of a company can warrant both 5 years of imprisonment or a $66,000 advantageous, or each.
The case is being prosecuted by Raelene Sharp KC, the Commonwealth director of public prosecutions.
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