Ex-Young Rich Lister Craig Gore loses fraud appeal
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Craig Gore in his developer days.
Paul Jones
The 54-year-old, who once owned a race car team and shone briefly as a Gold Coast developer, had lawyers file an appeal against a verdict that found he had swindled investors in a debenture scheme. They included everyday Australians setting up self-managed superannuation funds who stumped up $345,000.
But the Court of Appeal on Tuesday unanimously rejected his arguments.
Gore was convicted in November on six counts of fraud by Brisbane District Court Justice Michael Byrne in a rare judge-only trial, following an Australian Securities and Investments Commission probe. The conviction related to loans Gore had procured after November 2013 from investors for a finance-property business.