Mr Craig Gore, a former Queensland property developer, has been sentenced following a plea of guilty in the Brisbane Magistrates Court to one charge of managing a corporation while disqualified. Mr Gore was ordered to pay a fine of $2,000.  

Mr Gore was arrested in April 2017 after being charged with 12 offences of fraud and three offences of managing a corporation while disqualified. ASIC’s investigation found evidence of Mr Gore playing a substantial role in the management of three separate Queensland entities between 2010 and 2014 while he was disqualified due to insolvency and a bankruptcy status.   

The three entities were: 

• MOGS Pty Ltd
• Sleipner Financial Pty Ltd
• Arion Financial Pty Ltd

Mr Gore has been serving a term of imprisonment since October 2020 after being found guilty of six of the 12 fraud charges for which he was arrested in 2017. The Court found Mr Gore defrauded self-managed superannuation fund investors of approximately $800,000 (20-299MR). The managing a corporation whilst disqualified charges had been adjourned pending the outcome of Mr Gore's trial for the fraud charges and his subsequent appeals which were unsuccessful.   

Due to the conviction of fraud, Mr Gore is automatically disqualified from managing corporations for five years commencing the day he is released from prison.  

The matter was prosecuted by the Commonwealth Director of Public Prosecutions (CDPP).  

Background

The charge of managing a corporation whilst disqualified carried a maximum penalty of one year imprisonment or 50 penalty units at the time of Mr Gore’s offending. In March 2019, the maximum penalty for this offence was increased to five years imprisonment and/or 600 penalty units for an individual and 6000 penalty units for a corporation.