05-76 Former Adelaide director jailed for multi million dollar fraud
Thursday 31 March 2005
Mr Jeffrey Lucy, Chairman of the Australian Securities and Investments Commission (ASIC), today noted the sentencing of Mr John Phillip Gorcilov of West Lakes, South Australia, to five years’ jail relating to fraud offences totalling over $8 million. The charges arose from a joint investigation by ASIC and the Major Fraud Section of the South Australia Police.
Mr Gorcilov was sentenced in the District Court of South Australia to five years’ imprisonment with a non parole period of three years, after pleading guilty on 23 September 2004, to six charges.
It was alleged that between 1 December 1999 and 1 June 2000, he used a number of false names including John Tomaras, George Tomaras and John Sharpe at various banks in Adelaide. Mr Gorcilov and his father, Mr Filip Gorcilov who also used the false name of Peter Tomaras, fraudulently sought funding from these banks for transactions relating to proposed purchases of a major motel complex, shopping centre, residential premises and a luxury cabin cruiser.
It was also alleged that Mr Gorcilov used false identities and false company records, and lied about assets he and his father owned personally or through alleged off-shore companies, to obtain over $2.39 million from various banks and attempted to obtain over $6 million.
‘The jailing of Mr Gorcilov sends a strong message that neither ASIC nor the community will tolerate persons who act dishonestly and break the law for their personal gain’, Mr Lucy said.
‘People who are tempted to act fraudulently should take note of the sentence imposed on Mr Gorcilov today’, he added.
The matter was prosecuted by the South Australian Director of Public Prosecutions.
Charges jointly laid against Mr Filip Gorcilov, of Fulham Gardens, South Australia, have been withdrawn due to his present mental capacity.
ASIC Website: Printed 01/06/2009
