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Trio Capital-linked fund manager jailed

A former investment manager for the Trio Capital-aligned ARP Growth Fund has been sentenced to 25 months in jail.

Tony Maher – formerly known as Paul Gresham – has been handed the jail sentence in the District Court of NSW after pleading guilty to 20 offences including making false statements to the market.

Mr Maher is a former owner and director of PST Management, which acted as investment manager of the ARP Growth Fund.

“Mr Maher’s conduct fell below an acceptable standard,” said ASIC’s John Price in a statement.

“Gatekeepers, like directors, company officers, auditors, investment advisers and financial planners, who think they can flout the law, should think again.”