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15-050MR Former company director to stand trial
A former company director has been ordered to stand trial on fraud charges.
Following a recent committal hearing in Bathurst Local Court, his Honour Magistrate William committed Steven William Hill of Kelso, New South Wales, to stand trial on 7 counts of fraudulent misappropriation.
ASIC alleges that between 5 January 2006 and 6 March 2007, Mr Hill through Hill Stephens & Associates Pty Ltd and International Finance Consortium (Aust) Pty Ltd dishonestly induced various investors to pay approximately $618,000 to acquire interests in a 'house and land' property development located in Queensland (refer: 13-146MR).
It is alleged that investors never received the returns promised, and that $431,000 of the invested funds were directed to company bank accounts to make payments to Mr Hill and other third parties.
The matter is next listed at the Bathurst District Court on 1 May 2015 for arraignment and for a trial date to be set.
The Commonwealth Director of Public Prosecutions is prosecuting the matter.
Editor's note 1:
Arraignment will now take place on 29 April 2015 at the Sydney Downing Centre.
Editor's note 2:
On 29 April 2015, the matter was stood over for mention on 20 May 2015.
Editor's note 3:
On 20 May 2015, the matter was stood over for mention on 10 June 2015.
Editor's note 4:
On 10 June 2015, the matter was stood over for mention on 17 June 2015.
Editor's note 5:
On 17 June 2015, the matter was adjourned until 26 June 2015.
Editor's note 6:
On 26 June 2015, the matter was adjourned to 3 July 2015.
Editor's note 7:
A trial date has been set down for 15 February 2016.