A director who submitted false invoices worth A$1.3 million to a debt factoring company received a jail term in the Victorian County Court yesterday.
The charges were brought by the Australian Securities and Investments Commission and the Victorian police after creditors appointed a liquidator to the company in January 2001.
Sebastian Mark Tomarchio, 29, had pleaded guilty to eight charges of dishonestly using his position to gain an advantage for himself while serving as a director of G&R Tomarchio.
Mr Tomarchio was sentenced to two-and-a-half years jail, to be released after eight months with the remaining 22 months served under a good behaviour bond.
Source: Shepparton News
