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Friday 21 July 2017

17-246MR Former Gold Coast director Bradley Silver charged with fraud and dishonesty offences

Mr Bradley Keith Silver, of Tasmania, has been arrested by Australian Federal Police officers and charged with multiple fraud and dishonesty offences.

He was arrested at Brisbane Airport on 20 July and brought before the Brisbane Magistrates Court later the same day. 

Following an ASIC investigation, Mr Silver has been charged with:

  • Seven counts of fraud to the value of $2.32 million under s408C of the Queensland Criminal Code (maximum sentence of imprisonment of 12 years); and
  • Six counts of dishonest use of his position as a director under s184 of the Corporations Act (maximum sentence of imprisonment of five years).

Mr Silver was released on conditional bail to appear in the Brisbane Magistrates Court on 25 August 2017. Mr Silver's bail conditions include that he surrender his passport and that he not leave Australia or approach any point of international departure.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

Background

Between 2008 and 2010 Mr Silver was the director of a Gold Coast property development company known as Capital Growth International Club Pty Ltd (CGIC) and associated with a company known as All About Property Developments Pty Ltd (AAPD). In February 2011, the companies were placed into liquidation owing investors about $9 million.

Editor's note 1:

The matter has been listed for mention on 20 October 2017 in the Brisbane Magistrates Court.

Editor's note 2:

On 20 October 2017, the matter was adjourned for further mention until 15 December 2017 in the Brisbane Magistrates' Court.

Editor's note 3:

On 15 December 2017, the matter was adjourned until 9 February 2018 for mention.

Editor's note 4:

On 9 February 2018, the matter was adjourned for further mention until 9 March 2018 in Brisbane Magistrates' Court.

Editor's note 5:

The matter has been transferred to the Brisbane District Court, by way of registry committal. The next court date is yet to be set.

Editor's note 6: 

On Wednesday 18 July 2018, Mr Silver was indicted on all 13 charges involving fraud and dishonest use of his position as a director.  The matter is listed for mention in Southport District Court on 3 August 2018.

Editor's note 7:

On 3 August 2018, the matter was listed for a mention to be heard on 31 August 2018 in the Southport District Court.

Editor's note 8:

The matter is now listed for mention on 6 September 2018.

Editor's note 9:

The matter was mentioned on 6 September 2018 in the Southport District Court and has been re-listed for further mention to 20 September 2018. 

Editor's note 10:

The matter was mentioned in the Southport District Court on 20 September 2018 and has been re-listed for mention to 4 October 2018.

Editor's note 11:

The matter was mentioned in Southport District Court on 4 October 2018 and has been re-listed for mention to 18 October 2018.

Editor's note 12:

The matter is re-listed for mention in the Southport District Court for 1 November 2018.

Editor's note 13:

The matter is listed for mention in the Brisbane District Court for 8 November 2018.

Editor's note 14:

The matter was mentioned in the Brisbane District Court on 8 November and has been listed for trial in the week commencing 22 April 2019 for four weeks.

Editor's note 15:

On 28 March 2019, Mr Bradley Keith Silver entered a guilty plea to all thirteen dishonesty charges in the amount of $4,778,000.  The charges comprise of seven Fraud charges and six Directors Duties charges. The matter is set down for sentencing in the Brisbane District Court on 14 May 2019.   

Editor's note 16:

The matter has now been set down for sentencing in the Brisbane District Court on 7 June 2019.

Editor's note 17:

The matter is next before the Brisbane District Court on 6 September 2019.

Last updated: 05/11/2018 12:00