Lawyers Weekly Australia reports
A solicitor and four former company officers are facing charges for alleged criminal offences relating to the collapse of the Members Alliance and Benchmark group of companies.
Earlier on Friday 10 September, five men – Richard Marlborough, Colin MacVicar, David Domingo, Liam Young and John Ramsden – appeared in the Brisbane Magistrates Court charged with a combined 72 criminal offences pertaining to the collapse of the group of companies in 2016 and 2017.
According to the Australian Securities & Investments Commission (ASIC), the Members Alliance and Benchmark groups “allegedly operated property investment vehicles on the Gold Coast, offering financial advice to retail investors” and, in July 2016, 18 group companies were placed into liquidation “with a $26 million debt owing to the ATO”.
Mr Ramsden, a solicitor who acted for the Members Alliance group, ASIC said, was charged with aiding Mr Marlborough, Mr MacVicar and Mr Young in their alleged directors duties offences, ASIC said, and faces eight counts of aiding, abetting, counselling or procuring the commission of an offence in contravention of the Corporations Act.
Mr Marlborough was charged with 21 counts of trading while insolvent, 10 counts of dishonestly using his position as a director, one count of disposing of property after becoming (or was about to be) a bankrupt and one count of fraud.
Mr MacVicar was charged with 13 counts of trading while insolvent, one count of dishonestly using his position as a director and one count of disposing of property after becoming (or was about to be) a bankrupt.
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