Westpoint promoter found guilty
Westpoint promoter Neil Burnard is awaiting sentencing after being found guilty on nine criminal charges in the District Court of NSW.
A jury found him guilty under the Crimes Act of NSW of obtaining a financial advantage for various Westpoint Mezzanine companies by making or publishing a statement that he knew to be false.
An Australian Securities and Investments Commission investigation into the collapse of the Westpoint Group of Companies revealed Burnard claimed he was a director of Kebbel Investment Bank, a company that did not exist.
Burnard, who pleaded not guilty to the charges, is to be sentenced on June 20.
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