Former AFP Protective Services Officer sentenced for false statements

2024

A former protective services officer, Daniel Robert David Jones, made false declarations in relation to an application for a security clearance required to work for the Australian Federal Police. The Office of the Director of Public Prosecutions (Cth) (CDPP) prosecuted Mr Jones and on 15 July 2024 he pleaded guilty to and was sentenced in the ACT Magistrates Court.

Director of Courtenay House sentenced to 11 years’ imprisonment for running Australia’s largest Ponzi scheme

Director of Courtenay House sentenced to 11 years’ imprisonment for running Australia’s largest Ponzi scheme

Tony Iervasi ran a trading business called ‘Courtenay Trading’ based in Bondi Junction NSW, in which clients deposited funds for the purported purpose of investing in foreign exchange and futures trading. From its inception, the trading business was a Ponzi scheme. Mr Iervasi defrauded about 585 investors, who invested over $180 million for the purpose of trading those funds.

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Director of Courtenay House sentenced to 11 years’ imprisonment for running Australia’s largest Ponzi scheme

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2024

On 2 September 2024, Tony Iervasi was sentenced in the New South Wales Supreme Court to 11 years’ imprisonment with a non-parole period of seven years. This followed a plea of guilty to four counts of engaging in dishonest conduct in relation to a financial product or financial service and one count of carrying on an unlicensed financial services business, contrary to ss 1041G and 911A of the Corporations Act 2001 (Cth) (Corporations Act) respectively.