Man sentenced for contempt of court
Stephen Matthews, who was found guilty of contempt of court in February for breaching orders preventing him giving financial advice, has been sentenced to six months' imprisonment by the Supreme Court of New South Wales.
This is the fourth time that Matthews has been found in contempt of court for breaching court orders not to advise on securities.
Justice Barrett said that he took Matthew’s previous conduct into consideration when determining the penalty. He found that his contempt of court was serious and deliberate, and motivated by personal financial gain.
Matthews breached orders by posting letters to 1,650 trustees of self-managed superannuation funds on June 13 last year inviting them to partner with Matthews as a lender or investor in a new company vehicle to acquire shares in a listed company.
Matthews plans to appeal the decision.
AUTHOR
Benjamin Levy
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