Ex-research house CEO charged with dishonesty
Ex-research house CEO charged with dishonesty
The head of an investment research house liquidated seven years ago has been charged with a range of dishonesty offences that carry a maximum jail term of five years each.
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In a statement, ASIC said former van Eyk Research chief executive Mark Thomas had been charged with four counts of dishonestly using his position as an officer of a company with the intention of gaining an advantage on 18 May in the Downing Centre Local Court.
The charges relate to Mr Thomas allegedly using his position as CEO to facilitate a loan of almost $5 million from a subsidiary of van Eyk, Blueprint Investment Management, to TAA Melbourne to purchase an interest in van Eyk and prevent a third-party company from obtaining a majority shareholding in the company.
Former van Eyk CEO charged Seven years after company’s collapse, former CEO charged with using his position dishonestly in charges carrying up to 20 years jail time.
Crime by Cliona O’Dowd
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Subscriber only The former CEO of failed financial services firm van Eyk has been charged with four counts of dishonestly using his position as a director or officer of a company with the intention of gaining an advantage for himself. Fronting court seven years after the company collapsed into administration, Mark Thomas, who was CEO of van Eyk when it folded in 2014, is alleged to have, in February of that year, facilitated a loan from the firm s New Zealand subsidiary, Blueprint Investment Management Limited, and used his positions to conceal the purpose of the investment, knowing that the funds would be loaned to TAA Melbourne to acquire a stake in van Eyk Research.
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