Queensland Developer Banned Over Alleged Phoenix Activity

Queensland Developer Banned Over Alleged Phoenix Activity

REAL ESTATE CLARE BURNETT 10 JUL 23 The Urban Developer

A Queensland director of five failed property and development companies has been disqualified.?

Gene Robert Farrelly was accused of phoenixing activity across several companies, falsifying financial information and paying fictitious employees.

Companies related to Farrelly owed a combined total of $20,105,830 to unsecured creditors upon liquidation, according to the Australian Securities and Investments Commission.

AUTHOR Clare?Burnett

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