Dollarforce investigation leads to more charges
A second Victorian man has appeared in court over the collapse of the Dollarforce Group, which raised more than $24 million from investors through margin lending.
James Stephen Lewis of Camberwell, Victoria was charged with three offences relating to his role as former director of Altitude Property Limited (APL).
Lewis was charged with one count of making false or misleading statements in a prospectus issued by APL and two counts of omitting material information in an APL prospectus.
He was also charged with falsifying the general ledger of My Building No 1 – a company of which he was an officer – by removing debts totalling over $5.6 million.
Lewis will appear before the Melbourne Magistrates’ Court again on 26 August.
The company director and founder of Dollarforce Financial Services, Clestus Weerappah, was charged with 57 offences relating to the loss of more than $4 million late last month.
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