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Liquidator guilty of fraud offences

A former registered liquidator has pleaded guilty to dishonestly using his position as an employee of an insolvency company with the intention of gaining an advantage for himself.

Liquidator guilty of fraud offences
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  • Staff Reporter
  • June 06, 2016
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ASIC has announced that Mark Levi admitted to dishonestly using his position as an employee of an insolvency firm with the intention of obtaining payments totalling approximately $92,000 from two cheques from a receivership account, which he used to pay his personal tax liabilities.

The offences occurred between April and October 2009, while Mr Levi was a senior staffer at Jamieson Louttit & Associates.

The receivership account was maintained by the insolvency firm as part of the receivership of Biseja Pty Ltd (now deregistered) (Biseja).

Mr Levi has also admitted an additional offence, admitting that between 6 July and 13 August 2010 he falsified the books and records of Biseja to hide his misconduct. This charge is on a schedule and may be taken into account by the Court when sentencing Mr Levi for the dishonesty offence.

Mr Levi was a registered liquidator until August 2013 when his registration was cancelled following ASIC's successful application to the Companies Auditors and Liquidators Disciplinary Board.

The matter was adjourned until 8 July 2016, when it is likely that a date for sentencing will be given.

This matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

Mr Levi previously faced the Downing Centre Local Court in November of last year with the case then adjourned to a later date.

The deception offences carry a maximum penalty of five years, while the other offences carry a maximum penalty of 10 years' jail.

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