The Brisbane District Court has sentenced David John Leigh to seven years imprisonment, after he earlier pleaded guilty to three counts of fraud under the Queensland Criminal Code. He will be eligible for parole after serving 22 months in custody.
Between 25 July 2017 and 9 November 2017, Mr Leigh, a partner at PPB Advisory at the time of appointment as co-liquidator of Neolido Holdings Pty Ltd, dishonestly redirected $800,000 from the Neolido external administration bank account into a bank account that he controlled. He went on to use the funds for his own purposes.
A disciplinary committee had earlier cancelled Mr Leighs registration as a liquidator and barred him from carrying out any of the functions or duties, or exercise any of …
Read the full article at: https://www.accountantsdaily.com.au/business/12979-former-ppb-partner-jailed-for-7-years