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A former NSW mortgage broker has been given an 18 month good behavior bond after being convicted of obtaining money by deception.
Rex Charles Goldring of Meadowbank, who was found guilty of obtaining more than $240,000 from four investors by way of deceit, was sentenced on Tuesday.
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A former director of Australian Synergies Group (ASG), Mr Goldring helped a number of investors refinance their mortgages and redraw equity on their property to fund investments he promoted.
Between February and September 2004, and while he was a director of ASG, Mr Goldring obtained the deferral of the repayment of loans owed by the company to investors by omitting to tell the investors material information about their investments. Mr Goldring gave a personal guarantee to the investors in relation to the repayment of their investments.
ASG has since gone into liquidation and been deregistered.
