A former director of a funds management firm with links to Trio Capital has pleaded guilty to 20 criminal charges, appearing in the Downing Centre Local Court in Sydney today.
According to a statement from the corporate regulator, Tony Maher (formerly known as Paul Gresham) appeared before the court today, pleading guilty to 20 criminal charges including making false or misleading statements to obtain a financial advantage.
The behaviour in question related to Trio Capital’s ARP Growth Fund, which is now in liquidation.
Mr Maher previously entered into an enforceable undertaking with ASIC which mandated that he would never provide financial services or manage a company again.
More than 11 people have either been jailed banned from providing financial services, disqualified from managing companies or have agreed to remove themselves from the financial services industry since the investigation into Trio began in 2009.
Correction: this article originally referred to Mr Maher as a 'director' of Trio Capital, where in fact he was a director of PST Management, an entity appointed as investment manager to Trio's ARP Growth Fund.
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