An Australian Securities and Investments Commission (ASIC) investigation has resulted in Craig Kirrin Gore appearing before the Brisbane Magistrates Court after being arrested and charged with 15 offences.
Gore was arrested on 14 April and subsequently appeared in court on 15 April on 12 counts of fraud relating to obtaining funds totalling $800,000 from SMSF investors during 2013 and 2014.
The funds were allegedly to be invested in debentures associated with the companies Arion Financial and Arion Property.
Gore also faces three charges of acting in the management of three corporations – MOGS, Sleipner Financial and Arion Financial – while disqualified from doing so.
The corporate watchdog obtained an arrest warrant after concerns Gore may not remain in the jurisdiction.
Gore was not required to enter a plea and was granted conditional bail.
The charges of fraud carry potential maximum penalties of between five and 20 years, while the charges of acting in the management of corporations while disqualified each carry a maximum penalty of one year in jail or 50 penalty units.
The matter is listed to return to the Brisbane Magistrates Court on 5 May.
The Commonwealth Director of Public Prosecutions is prosecuting the matters.
The Australian Federal Police and Queensland Police assisted with the execution of the arrest.