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DPP v Brindley [2015] VCC 1289 (16 September 2015)
Last Updated: 25 September 2015
IN THE COUNTY COURT OF VICTORIA
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Revised
Not Restricted
Suitable for Publication
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AT MELBOURNE
CRIMINAL JURISDICTION
DIRECTOR OF PUBLIC PROSECUTIONS
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v
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IAN BRINDLEY
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---
JUDGE:
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HIS HONOUR JUDGE LACAVA
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WHERE HELD:
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Melbourne
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DATE OF HEARING:
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27 July 2015
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DATE OF SENTENCE:
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16 September 2015
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CASE MAY BE CITED AS:
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DPP v Brindley
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MEDIUM NEUTRAL CITATION:
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[2015] VCC 1289
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REASONS FOR SENTENCE
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Subject: Obtain Property by Deception x 14.
Catchwords: Continuing
Criminal Enterprise Offender
Legislation Cited:
Cases
Cited:
Sentence: Seven and a Half Years' Imprisonment/Non-Parole Period 5
Years.
---
APPEARANCES:
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Counsel
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Solicitors
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For the Director of Public Prosecutions
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Mr D. Porceddu
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For the accused
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Mr T. Alexander
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HIS HONOUR:
- Ian
Brindley you have pleaded guilty to 14 charges of obtaining a financial
advantage by deception. The amount of the financial advantage
in each charge
means that in the circumstances each charge is a continuing criminal enterprise
offence within the meaning of the
Sentencing Act 1991 (“the Act”).
Because each offence you have committed is a continuing criminal enterprise
offence, the maximum penalty
for each charge is 20 years imprisonment.
- I
am required to have entered into the records of the court the fact I sentence
you as a continuing criminal enterprise offender for
each of these continuing
criminal enterprise offences and I direct that be done.
- The
circumstances of your offending are contained in a prosecution summary which was
tendered in evidence and read in open court by
the prosecutor Mr Porceddu. With
a few corrections the summary was accepted by your counsel Mr Alexander as
being accurate and
as forming a proper factual basis upon which I can proceed to
sentence you. These sentencing remarks need necessarily to be read
together
with the prosecution summary to get a full understanding of your offending. I
refer to your offending here only in a summary
way.
- In
the 1990s a co-offender Denis Angelieri identified a business opportunity to
make a profit by financing sub-prime borrowers who
wished to purchase second
hand motor vehicles. Angelieri set up a an elaborate corporate structure, which
I will collectively call
Australian Motor Finance or AMF, together with
O’Brien and you to operate the business conceived by him. You were a
director
of one of the operating companies and the deputy managing director of
another and, together with Angelieri and O’Brien, you
occupied a position
at the heart of the business.
- AMF
was a legitimate business arrangement but was always under-capitalised. In
general terms the concept was that AMF would enter
into an agreement with a
financier such as the National Australia Bank (“NAB”) or Adelaide
Bank Limited (“ABL”)
as the source of money ultimately loaned to
sub-prime borrowers. The borrowers were introduced to AMF through recognised
car dealers
and finance brokers accredited by AMF. AMF would arrange such loans
and service them. AMF entered into all arrangements with the
borrowers and
collected the repayments by direct debit from borrowers bank accounts. The idea
was that AMF would profit from the
differential in interest rates between the
interest charged by the financier and the interest rate at which AMF was able to
obtain
from the borrower. Because AMF was operating in the sub-prime market
there were always risk associated with screening borrowers and
AMF was trusted
by the banks to vet the borrowers it put forward as genuine borrowers.
- From
a purely business point of view the business concept was sound but required a
lot of work to establish and maintain and employed
a number of people. This all
cost money and the business cost a lot of money to set up and run. Further, the
concept was to some
extent subject to the economic cycle.
- The
NAB funded the loans until May 2007.
- For
various reasons, by late 2003 AMF had run out of money. Unless there was an
injection of money into AMF to enable it to keep
operating it would be insolvent
and would have to cease trading. Instead of taking either of these options,
Angelieri conceived
of the idea to create false loans and to channel the funds
derived first from the NAB and, later from ABL, into accounts controlled
by him.
In this way money ostensibly loaned by the banks to borrowers for car loans, was
funnelled back into the AMF structure thus
enabling it to continue to operate.
- In
late 2003 Angelieri discussed his idea to create the false loans with
O’Brien and a plan was put in place which effectively
meant that monies
derived from the NAB (at that time) ostensibly for the purpose of financing
various fictitious borrowers to purchase
a motor vehicle would instead be used
in part as a source of overdraft to AMF to enable it to continue to operate.
The money received
from the NAB and, later from ABL, would be disguised as
legitimate loans to sub-prime borrowers but the loans were false.
- The
original plan to defraud the NAB in this way was that it was to be a short term
arrangement for only so long as AMF became more
established. But as time went
on and, more and more false loans were processed, they (the false loans)
required more and more time
to service and more and more money to service the
repayments at high interest rates because the money defrauded was ostensibly
being
borrowed by sub-prime borrowers who borrowed at high interest rates.
- The
plan was elaborate, sophisticated, well planned and protracted. No stone was
left unturned to avoid detection.
- The
fraud was a gross breach of trust placed upon you as a director of AMF through
the complex financing agreements entered into by
AMF with ABL.
- The
charges that you have pleaded guilty to do not involve obtaining financial
advantage from the NAB. That offending occurred between
approximately January
2003 and 16 May 2007 a period of just over four (4) years. On
16 May 2007 ABL took over as the financier of the car loans and the
NAB was paid out by financing obtained from ABL on that day. That
is when the
offence in Charge 1 occurred. The dollar value in each of Charges 1 to 13
represents the total funding provided by ABL
for the period alleged in each
charge and the amount is a combination of genuine and fraudulent loans. Each
month a spreadsheet
was provided by AMF to ABL setting out the amount sought
and, the particulars of various loans some of which were genuine and some
of
which were false. ABL provided the total funding set out on the spreadsheet.
In all, ABL provided $56,649,136.45 of which $24,729,759
was for 885 false
loans. Each of the charges is a rolled up charge to include many false loans.
- The
offending in Charge 14 is different to the offending in the other 13 charges.
It covers a nineteen month period and represents
24 rolled up charges where
originally legitimate loans had been made out but the borrowers defaulted and
the vehicles concerned were
repossessed and sold. Instead of providing the sale
proceeds to ABL to reduce the indebtedness of the individual loans, the sale
proceeds were retained by AMF for its use. ABL was not told of the individual
defaults or that the vehicles had been repossessed.
The loans thus remained on
the books of ABL and allowed to continue as if there had been no default at
all.
- The
whole fraud required identifying false loan borrowers, completing and submitting
false loan applications supported by false documents
reflecting the false sale
and false purchase of a motor vehicle, setting up and servicing of accounts to
receive the money derived
and to make monthly repayments on each loan to avoid
detection.
- Your
criminality in the charges over the period from May 2007 to January 2009, when
ABL appointed a receiver to AMF, effectively involved
covering up the false
loans. Your role was to arrange for the “polling” of the false loans
created by Angelieri and O’Brien.
From the funds received from ABL for
the false loans and through very complex arrangements involving a number of bank
accounts
you had to ensure that the fictitious borrowings were regularly
serviced by loan repayments in a way that could not be detected because
this
would reveal the fraud. Over the period of your offending each month you knew
you were robbing Peter to pay Paul and that was
done for the purpose of the
fraud. You knew there were large sums of money involved.
- Over
the period covered by the charges the monthly amount required to service these
false loans increased from $243,000 in May 2007
to $729,000 in December 2008
shortly before the appointment of a receiver. That gives some idea of the
enormity of the fraud for
which your role was central.
- You
also signed the sale notices that were sent to ABL requesting funds for each of
the false loans.
- From
time to time over the period of your offending you were sent a list of loans
which ABL auditors wished to review. From time
to time you would provide this
list to O’Brien and Angelieri who, with your knowledge, would then create
a false file which
you or someone on your direction would then provide to the
auditors to review. The false file created was provided to the auditors
as a
record of the factual basis used to substantiate what was in fact a false
loan.
- Angelieri
conceived of the whole idea to create the false loans to provide a source of
funds to prop up the AMF business. O’Brien
was left in charge of creating
the false loans. You embraced Angelieri’s plan and you knew that many of
the loans submitted
to ABL were false and that the money was being used to prop
up AMF. You acted to make sure that the false loans were obtained and
that
those loans were serviced so as to perpetuate the appearance that they were
legitimate. In this way the fraudulent scheme conceived
by Angelieri was able
to continue over the 19 months of your offending.
- Your
conduct in this offending represents a very serious example of what are serious
offences. Because of the amounts of money involved,
the period of time over
which the offending occurred, the sophistication of the deception and, the
elaborate cover up, for which
you were primarily responsible, and the breach of
trust involved upon a banking institution, your fraudulent conduct is towards
the
top end of the scale for this kind of offending in my opinion.
- Annexure
A to the prosecution opening sets out the loss eventually suffered by ABL.
After litigation with auditors and contribution
from other companies involved
that were legally obliged to pay ABL, ABL was left out of pocket $12,247,437.49.
The total amount of
false loans received from ABL was $24,752,624.87.
- The
prosecution also relied upon a number of victim impact statements mainly from
persons who had been affected by having false loans
made in their names. I have
taken those victim impact statements into account.
- Mr
Angelieri pleaded guilty before me to offences contained in two separate
indictments. Indictment C1308887.1 contained one charge
of conspiracy to
defraud the NAB between 1 January 2003 and 16 May 2007 and
one charge of conspiracy to defraud ABL between 25 August 2006 and
23 January 2003. There was also a charge of theft of $2.75M from
Westpac. You are not to be sentenced for any of the offending relating
to the
NAB or the theft from Westpac as the charges which you have pleaded guilty to do
not allege any offending relating to those
matters. Your offending is thus
confined to a shorter period than that covered by the conspiracy charges which
Mr Angelieri pleaded
guilty to.
- Mr
Angelieri also pleaded guilty to separate matters contained in indictment
C1108169.1 and those matters do not concern you. The
second charge of
conspiracy to defraud ABL which Mr Angelieri pleaded guilty to covers a longer
period than the period of your offending
but embraces much of the prosecution
case against you on the basis of concert. I sentenced Mr Angelieri to an
aggregate sentence
of 9 years' imprisonment for both of the conspiracy charges.
- Mr
O’Brien indicated he would plead guilty to charges at an early time and he
undertook to give evidence against you and Mr
Angelieri. He complied with that
undertaking signing a lengthy statement and giving evidence against you in a
pre-trial Basha hearing.
- Mr
O’Brien was sentenced by Chief Judge Rozenes on 13 June 2014, having
pleaded guilty to the same Charges reflected in charges
1 to 13 on your
indictment. He also pleaded guilty to a charge of theft of $2.75m from Westpac.
The Chief Judge sentenced Mr O’Brien
to an aggregate sentence of 7 years
imprisonment on charges 1 to 13 and 6 years imprisonment on the theft charge.
Two years of the
sentence on the theft charge was made cumulative on the
aggregate sentence making a total effective sentence of 7 years imprisonment
and
His Honour ordered Mr O’Brien to serve a minimum of five 5 years and 4
months before being eligible for parole.
- In
sentencing Mr O’Brien, the Chief Judge said he was not the mastermind
behind the offending but characterised him “as
an informed participant in
it." In my opinion, the same description may be attributed to you.
- His
Honour took into account delay in bringing the charges and the fact that Mr
O’Brien pleaded guilty at the earliest opportunity
and gave an undertaking
to give evidence for the prosecution. His Honour found that Mr O’Brien
had provided a high level of
assistance to the authorities for which he was
“entitled to receive the maximum benefit” for his cooperation.
- Both
you and Mr O’Brien have pleaded guilty to similar charges. You do not
have the theft charge of $2.5M that he was sentenced
for but he did not face
what is Charge 14 on your indictment.
- In
contrast with you, Mr O’Brien indicated a plea of guilty at a very early
time, he cooperated with investigators and, as I
said, he made a lengthy
statement implicating you and Angelieri and he gave evidence against you for
which it may be inferred he
received a reduction in sentence. You do not have
that benefit.
- In
sentencing you I am mindful that I must have regard to and apply parity in
sentencing and be mindful of the sentence imposed on
Mr O’Brien in
particular and the reasons for it.
- In
his very helpful submissions, Mr Alexander accepted that your offending was
planned and designed to reduce the chance of detection
and he conceded that your
conduct in the deception of the auditors was an aggravating factor. Mr
Alexander conceded that your offending
was aggravated by the amount of the
funding fraudulently obtained. He conceded that your offending was in breach of
your position
of trust.
- Mr
Alexander submitted in his written outline at paragraphs 64 to 67 that your role
in the offending was “markedly different
from Angelieri and substantially
less than O’Brien” whose role it was to personally recommend and
approve the granting
of fictitious loans in conjunction with Mr Angelieri. Mr
Alexander submitted that your offending was less culpable because your
offending
was partly by omission and partly by participation.
- I
regard your role in the offending for which you have been charged and pleaded
guilty to as being lesser than that of Angelieri.
He can properly be described
as the mastermind of this fraudulent conduct and he was the one who enlisted you
and O’Brien
to carry it out. He was the one who stood to gain the
most.
- However,
in my view your involvement in the offending was on a similar level to that of
Mr O’Brien. Both you and Mr O’Brien
each had a high level of
involvement in the offending. Each of you had a job to do. Mr O’Brien
in the creation of the false
loans and you in servicing the false loans once
made and in covering up the false loans to avoid detection. The fraud conceived
by Angelieri could not have succeeded undetected for so long and with so much
money being fraudulently obtained without the work
of Mr O’Brien and
you.
- I
accept that you did not personally directly gain from your offending. The
financial advantage was to AMF and the money gained used
to fund it. However,
you continued to derive a handsome salary from your work. I was told and accept
this was in the range of $250,000
per annum when the company went into
receivership in January 2009.
- You
have pleaded guilty to the charges and that is a mitigating factor which I must
take into account.
- By
your pleas of guilty you have saved the time and cost of what might have been a
lengthy trial during which you were to represent
yourself which itself is a
factor which probably would have added to the length of the trial.
- In
your case you did not plead guilty at the earliest opportunity.
- You
were interviewed by the police on 16 June 2011, nearly two and a half years
after AMF went into receivership. The interview was
lengthy and transcribed it
takes up over 150 pages. You did not admit your role in the offending but did
give details of AMF’s
business operations, particularly how money was
moved through a network of accounts.
- There
was no contested committal and you were committed for trial on 11 September 2013
on the basis of the hand up brief.
- You
were then before the court on an indictment that charged both you and Mr
Angelieri with 2 charges of conspiracy to defraud. One
related to the period
where the NAB was the funder and the other to the period where ABL was the
funder. You were also charged,
with Mr Angelieri, with one charge of theft of
$2.5M from Westpac. The trial commenced on 13 April 2015 with preliminary
argument
broken up over several days and there was a short Basha where you asked
questions of Mr O’Brien. You represented yourself.
- At
my urging you had discussions with the prosecution and you sought and, obtained,
legal advice and that is when the trial resolved
into a plea to the charges. On
15 May 2015 you were arraigned and pleaded guilty to the charges. The pre-plea
transcript will reveal
that you contested the conspiracy charges on the basis
you were not part of a conspiracy to defraud anyone. I accept the initial
idea
to defraud was Mr Angelieri’s and not yours. But, by what you did, you
can safely be found to have embraced the fraud.
By the time ABL re-financed the
NAB, which is the time that your charged acts commence you knew that the
fraudulent scheme was up
and running and you went along with it as a participant
to ensure it continued unabated.
- Although
the pleas of guilty were made by you at a late stage they are still of
considerable value in my view. As I say, your guilty
pleas have saved the time
and costs of a possibly lengthy trial and, importantly, they signify your
remorse on your part. I accept
that each of your pleas of guilty has been made
because you are genuinely remorseful. You are entitled to a reduction in your
sentence
because of your pleas of guilty.
- Mr
Alexander submitted there had been delay in the resolution of this matter which
cannot be attributed to you and is also a mitigating
factor which should reduce
your sentence. I generally accept that submission. The nature of this kind of
offending, particularly
on the scale involved here, means that investigations
are often lengthy and this case is no exception. The offending here occurred
between seven and nine years ago and you were charged after interview. You have
been awaiting resolution since being charged for
about four and a half
years.
- One
major reason why these charges were not resolved earlier was because Mr
Angelieri and Mr Porcaro had separately been charged with
other offences which
did not involve you and which concerned their operations of a company, Euroquest
Pty Ltd. Both Mr Angelieri
and Mr Porcaro pleaded guilty to charges those
earlier this year and, when that occurred, your trial was listed to
commence.
- I
am satisfied you have had these charges hanging over your head for an inordinate
length of time for reasons not of your making and
that this has taken its toll
upon you and your family. You have been in a holding pattern as it were since
you were charged and
unable to move on and that of itself has been a form of
punishment to you. In arriving at an appropriate sentence I have taken the
delay in resolution of this matter through circumstances not of your making into
account.
- I
turn to your personal circumstances.
- You
are 61 years of age and you are married with two young adult children. You were
born in Melbourne and are one of three children
and you grew up in Wangaratta
and Geelong until aged 18 years. You attended University of New England where
you completed one year
only of a degree in Agricultural Economics.
- You
moved to Melbourne in 1973 where you commenced working in commerce, your first
job being as an assistant accountant. Between
1973 and 1978, whilst working,
you studied accounting part-time and completed a Diploma of Business Studies
(Accounting). At age
24 you qualified as a Certified Practising Accountant.
From mid 1970 until 1986 you worked in accounting for a company Kemtron.
- In
1986 you commenced working for companies associated with Mr Robert Holmes a
Court. I received into evidence a reference from Mrs
Janet Holmes a Court who
spoke of your work for Heytesbury Holdings Pty Ltd and associated companies over
a six year period. The
1990 annual report of Heytesbury Holdings, also in
evidence, records you as the manager of Victoria. You left Heytesbury Holdings
because of a major restructure of that company after the sudden death of Mr
Holmes a Court in September 1990 and Mrs Holmes a Court
was glowing of you in
her reference saying, inter alia, “He has carried out a variety of
management and board level functions
for me and my family with skill and
commitment....Ian is quick to assess a situation and has ability to act
decisively, at all times
having in mind the best interest of the company, its
owners and employees.”
- I
was told and accept you were highly regarded by the late Mr Robert Homes a Court
and his family, managing the affairs of that family
on the Australian east
coast. I have no difficulty in finding you were and are a highly capable
accountant skilled in running the
affairs and accounts of companies.
- That
is what makes your offending hard to understand. You obviously could have and,
should have, said no to Mr Angelieri and not
taken any part in the fraud he
conceived. You knew what you were doing was wrong and you knew that what Mr
Angelieri and Mr O’Brien
were doing was wrong but you went along with
them. You seemed to have done so out of loyalty to them and the company,
seduced by
Mr Angelieri’s representations that the false loans would only
be required for a short period of time and would be repaid.
For a man so highly
trained and experienced in the ways of commerce at a very senior level, yours
was a grave error of judgment.
- When
you left the employment of Heytesbury Holdings in 1992 you took up a position
with Dalgety Farmers as a General Manager Special
projects for three years.
Dalgety Farmers was owned by the ANZ Banking Group. That job involved selling
some $400M in receivables
owed to the group.
- Following
Dalgety you had other employment and engaged in brokerage work in equities and
finance before becoming involved in what
became AMF.
- A
Receiver was appointed to AMF in January 2009 and the company eventually went
into liquidation. There followed legal proceedings
in the Federal Court where
the liquidator obtained judgment against you and others in a proceeding that
alleged breach of director’s
duties. Between 2011 and 2013 the family
home was sold and you were made a bankrupt from which you were discharged in
March 2014.
- There
is only a modest amount of the equity in the home belonging to your wife and
received by her left. As a result of this offending
you and your wife have been
financially ruined. I accept the years from January 2009 have not been easy for
you. From 2011 you
have faced these charges and you have faced the Federal
Court proceeding and bankruptcy to contend with.
- Prior
to this offending from what I have read you did not live what is sometimes
described as the high life but you had a comfortable
home in a good suburb and
your children attended private schools. When you were financially ruined your
son was suspended from his
school because you could not afford the fees. Your
wife has had to take up work as a teacher. You have recently had work in a call
centre receiving a very meagre hourly rate of pay. Your fall from grace is
complete and it was a steep fall. I heard evidence and
I accept you have been
ostracised by former so-called friends and it has been very hard for you and
each of the members of your family
as a result. Unfortunately, these are the
consequences that often result from this kind of offending.
- Until
you engaged in this offending you had led a life without blemish. Despite a
very full career in high-level commerce you have
never been charged with any
offence and you have no prior convictions. That is what makes the fall from
grace so much harder for
you and your family. But it is the fact that you are
highly regarded that results in others, particularly banks, placing such trust
in you and when that trust is breached in the way that you have, the drastic
consequences that you and your family have had to endure
over the last several
years may be expected to follow.
- In
addition to the reference from Mrs Holmes a Court, I received into evidence a
number of other references relating to your former
employment. All speak highly
of you.
- I
also received into evidence a letter that you wrote to me. In that letter you
acknowledged your regret at your offending and you
apologised for it. In the
letter your shame comes through. I accept you are remorseful and I accept it is
unlikely that you will
ever offend again in this way. I think you have good
prospects for a full rehabilitation.
- Others
also wrote letters which I received into evidence. Your sister wrote a letter
in which she spoke of your growing up. Your
children also prepared letters as
did your wife in which she speaks of the hardship for the whole family over the
last few years
caused by your offending. What comes through is that, this
offending aside, you seem to have been an honest, modest, hard-working
devoted
family man who hitherto contributed in many ways to society generally and to his
family. In those circumstances I am not
surprised at the shock to everyone when
your offending was revealed exposing you as a fraudster and this has greatly
affected your
family.
- Your
wife, Karen, gave evidence before me and was a good witness. She has returned
to teaching and teaches English as a second language.
She told me how your
temperament changed after you became involved with AMF and you changed as a
person. She confirmed the consequences
for her and your children caused by your
offending. She described how she had been overwhelmed by the consequences,
especially the
financial ones. In passing sentence I have taken all this
evidence into account. To your credit, you appear to have done your best
in
difficult circumstances to hold your head up and to steer your family through a
difficult period.
- I
received into evidence a psychological report from Mr Jeffrey Cummins who saw
you for reporting purposes on 21 July 2015. Mr Cummins
opined, inter alia:
“In my opinion at the time of offending he was not suffering from any
diagnosable mental health condition.
He now reports some symptoms of reactive
anxiety and depression (triggered by his offending and his associated legal
situation)
and he would now be diagnosed with a reactive Adjustment Disorder
with Mixed Anxiety and Depressed mood (DSM-5 Code 309.28) of mild
severity.” Mr Cummins thought your offending was motivated by a
combination of factors but primarily by the fact that you
are, by personality,
more a follower then a leader and you are loyal to others. I accept what Mr
Cummins has said and have taken
these matters into account in arriving at an
appropriate sentence.
- As
I said when sentencing Mr Angelieri, offending of this kind often calls for a
stern sentence because of the need to apply general
deterrence and to adequately
reflect denunciation for your offending. This kind of offending strikes at the
heart of this area of
commerce which concerns commercial business borrowing from
financial institutions. It almost always involves a breach of trust,
as here,
by offenders who are qualified professionals who have never previously been
found to have breached the law. That is why
stern sentences are called for as a
general deterrent to others who may be tempted to offend as you have. This kind
of fraud is
difficult to detect and investigate and such investigations are
costly and time consuming. They take up a lot of resources in investigation
and
prosecution, as had been the case here. At the centre of the crime rests the
fact that the loans were false and the borrowers
and, motor vehicles purportedly
financed, were non- existent. In the result the lender has no security to fall
back on and the money
loaned is invariably lost. The offending often extends
over several months or even years. In your case the offending lasted in
total
several months. For these reasons, a lengthy term of imprisonment must be
imposed.
- Your
counsel asked me to consider the imposition of a jail term followed by a
Community Corrections Order to take effect upon your
release from prison. In
such a case the term of imprisonment would be limited to two years. Having
regard to your role in the offending,
the period of time over which the
offending occurred and the scale of your offending, I do not accept Mr
Alexander’s submission
as appropriate. Apart from anything else such a
disposition would not be in parity with the sentence received by Mr
O’Brien
and Mr Angelieri. I do not regard the disposition submitted by Mr
Alexander as being anywhere near appropriate to your offending
in all the
circumstances.
- On
Charges 1 to 14 being charges of obtaining a financial advantage by deception
you are convicted and sentenced to an aggregate term
of imprisonment of seven
and a half years.
- I
direct that you serve a minimum term of five years before being eligible for
release on parole.
- For
the purposes of s.6AAA of the Sentencing Act 1991 I state that had it not
been for your pleas of guilty to the charges I would have imposed an aggregate
sentence of 10 years' imprisonment
and I would have directed that you serve a
minimum of 6 years and 8 months' imprisonment before being eligible for release
on parole.
- I
declare there has been 51 days pre-sentence detention and that 51 days be
reckoned as having been already served under the sentence
passed this day and be
deducted administratively.
- I
have been asked to sign a compensation order in favour of ABL in the amount of
$12,247,437.49. The application was not opposed
and I have signed that
order.
- I
have also been asked to sign a forfeiture order relating to computer equipment.
It was not opposed and I have also signed the order.
- Are
there any questions arising out of that?
- MR
ALEXANDER: No, thank you, Your Honour.
- MR
PORCEDDU: Just that, Your Honour, the application, the 464ZF, the forensic
sample.
- HIS
HONOUR: Yes. I have also been asked to sign an order under s.464ZF of the
Crimes Act having regard to the level of offending involved here I am of
the opinion it is in the public interest that I sign that order and
I will do
so.
- MR
PORCEDDU: As Your Honour pleases.
- MR
ALEXANDER: May it please the court.
- HIS
HONOUR: Do you have that order there, Mr - - - ?
- MR
PORCEDDU: No, Your Honour, it will be sent through.
- HIS
HONOUR: Very well, if that could be sent to my associate I'll send that
order.
- MR
PORCEDDU: Indeed, it will be done today.
- HIS
HONOUR: Thank you.
- MR
PORCEDDU: Thank you.
- HIS
HONOUR: Yes, could you remove Mr Brindley, please.
- - -
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