But in 2010 he brokered a Part X personal insolvency deal to repay creditors $3.3 million, plus a profit-sharing deal, to restructure $495 million in debt. He was subsequently declared bankrupt in 2012, and this was discharged in 2015.
But he was arrested in 2017 and declared he is not guilty of 12 fraud charges relating to $800,000 of investor funds obtained in 2013 and 2014.
Those investors had created self-managed superannuation funds and dealt with a man called Craig, whom the prosecution alleges is Mr Gore, to invest in debentures linked to the Gold Coast-based Arion group of companies. The defence has admitted Mr Gore had a significant part in Arion.
The court had heard that Arion only repaid $39,000 of $800,000 in debentures that…
Read the full article at: https://www.afr.com/companies/financial-services/rich-lister-gore-never-defrauded-investors-court-hears-20200804-p55ier
