Former property developer Craig Gore arrested and charged with fraud

Former property developer Craig Gore arrested and charged with fraud
Former property developer Craig Gore arrested and charged with fraud

Former property developer Craig Kirrin Gore has been arrested and charged with fraud in a Brisbane court following an ASIC investigation.

He appeared in the Brisbane Magistrates' Court after being arrested on April 14 and  was charged with 15 offences, said a release on ASIC’s website.

Gore was charged 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. 

He 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.

ASIC obtained an arrest warrant after concerns that Gore may not remain in the jurisdiction. 

Gore was picked up by the police while on his way to catch a flight to Stockholm, adds Fairfax Media. 

He was not required to enter a plea and was granted conditional bail. The matter is listed for return at the Brisbane Magistrates Court on May 5, 2017. 

If proven, the fraud charges could see him getting 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.

Tags: 
Fraud Housing Developer

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