Former Gold Coast property developer Craig Gore has been sentenced and fined after pleading guilty to the charge of managing a corporation when he was disqualified.
Gore was fined $2000 by Brisbane Magistrates Court for managing a corporation from jail. Gore has been in prison since October 2020 after he was found guilty of six fraud charges, including defrauding SMSF investors of around $800,000.
As per court documents, Gore was seen speaking on a video conference by a correction officer in March 2021. Gore asked the other person to hang up when the officer entered the room.
After investigation, police found evidence that Gore was managing the affairs of a company from jail, which is an offence in Queensland. Charges for managing corporations while disqualified carries a maximum penalty of one-year imprisonment or fine of up to $8500.
Due to his convictions for fraud, Gore is also automatically disqualified from managing corporations for five years from the day he is released from prison.
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 Gore played a key role in the management of three separate Queensland entities, MOGS Pty Ltd, Sleipner Financial Pty Ltd, and Arion Financial Pty Ltd between 2010 and 2014 while he was disqualified due to insolvency and a bankruptcy status.
In February 2021, Gore’s appeal against his conviction for the six counts of fraud was denied by the Queensland Court of Appeal and the charges of managing a corporation whilst disqualified had been adjourned pending the outcome of the initial trial and subsequent appeals.