A company director from Melbourne has been found guilty by a County Court jury in relation to 19 charges of obtaining a financial advantage by deception.
The charges against Leon Theoharopoulos, of Patterson Lakes in Melbourne, were laid following an investigation by the Australian Securities and Investments Commission (ASIC), and relate to his actions as a director of the failed company Packaging House Pty Ltd, and its dealings with the National Australia Bank (NAB) under a Debtor Financing Agreement.
The regulator alleged that Mr Theoharopoulos obtained a financial advantage by deception by falsely representing to the NAB that goods, as detailed on invoices totalling $120,001.96, had been delivered and accepted by the customers named on the invoices, when in fact the goods had not been ordered.
Mr Theoharopoulos was remanded in custody to appear for a plea hearing on 5 December 2003.
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