Fincorp directors plead not guilty
Former Fincorp Investments chairman and chief executive Eric Krecichwost and finance director Jacob Lee Quigley have pleaded not guilty in court to charges of dishonestly using their positions to gain advantage.
Krecichwost was charged with three counts of dishonestly using his position as a director of a company with the intention of directly or indirectly gaining an advantage for himself and others, while Quigley faced one charge of the same account.
The Australian Securities and Investments Commission said the charges related to three cheques that Krecichwost allegedly signed for $900,000, $825,000 and $1,980,000 in September and October 2003, while Quigley was also alleged to have signed a cheque for $1,980,000.
The maximum penalty for each offence is five years imprisonment, a $220,000 fine or both.
Krecichwost and Quigley were bailed to appear again on December 15.
Recommended for you
New York-based firm CC Capital has bumped up its offer to stay ahead of rival bidder Bain Capital.
In a tight race against Morgans, AMP Financial Planning has won back its position as the largest individual licensee in Australia, according to Wealth Data.
Learning to delegate authority and relinquish a hands-on approach is a critical step towards building a self-sustaining financial advice practice, says Assured Support.
Private wealth management company Stellan Capital has appointed a new chief executive, who brings over three decades of experience in the global financial services industry.
