Charges

White Collar Crime – Obtain Property by Deception – $4 000 000

Facts

The client had amassed a small property empire with friends and family. He then started investing with the wrong person, and lost a lot of money. To try and recoup his investment he borrowed more money, in some cases using fraudulent documents. The client borrowed a total of four million dollars from various institutions and friends.

Result

At County Court a number of factors were in the client’s favour. He had provided police assistance, he was extremely remorseful in terms of what he had done to his friends and family and he now suffered from chronic depression.

Taking all these matters into account his Honour imposed a five year prison term with three years to serve. Given the large amount of money taken this was an excellent outcome.