Jail Sentence For Sydney Businessman Who Plead Guilty To ASIC Charges

LAWFUEL – The Legal Newswire – Mr Anthony John Brownlee, of Stanmore in New South Wales, has been sentenced in the Downing Centre Local Court to nine months imprisonment with a minimum term of three months imprisonment, after pleading guilty to six charges brought by the Australian Securities and Investments Commission (ASIC).

Mr Brownlee was charged with managing corporations while disqualified following an ASIC investigation regarding his role in six property development and financing companies: Jilk Finance Pty Ltd, Jilk No.3 Pty Ltd, Jilk No.4 Pty Ltd, Jilk No.5 Pty Ltd, Jilk No.6 Pty Ltd and Jilk No.8 Pty Ltd.

The investigation found that Mr Brownlee acted as a director of all six companies despite being disqualified following a fraud conviction in 2000.

Those who are convicted of an offence involving fraud or dishonesty, and which is punishable by imprisonment for at least three months, are automatically disqualified from managing a company for five years.
Mr Brownlee’s release after serving three months imprisonment is conditional on his entering a bond to be of good behaviour for a period of three years. Mr Brownlee was granted bail pending an appeal.

The matter was prosecuted by the Commonwealth Director of Public Prosecutions

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