Mr Joshua David Fuoco, of Melbourne, Victoria, has been charged with four offences following an ASIC investigation.
Mr Fuoco was charged with three counts of managing a corporation whilst disqualified and one charge of failing to deliver company records in his possession for Wealth & Risk Management Pty Ltd, in accordance with directions of the liquidator appointed to wind up that company.
In 2016, ASIC disqualified Mr Fuoco from managing corporations for two years and six months, after two companies, FP Investment Partners Pty Ltd and Equilibrium FS Pty Ltd, were wound up. ASIC alleges that during his period of disqualification, Mr Fuoco continued to manage a company (Financial Circle Pty Ltd) between 21 August 2017 and 5 September 2018.
After initially being charged on 27 May 2020, Mr Fuoco's matter was listed for first mention in the Melbourne Magistrates Court on 5 November 2020. On that date, the matter was adjourned to 28 April 2021.
Mr Fuoco was not required to enter a plea.
The Commonwealth Director of Public Prosecutions is prosecuting these matters following a referral from ASIC.
Background
The charges of acting in the management of corporations whilst disqualified each carry a maximum penalty of one year's imprisonment and/or 50 penalty units.
