Craig Gore

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Craig Gore is an entrepreneur from Sydney, Australia.

Craig Gore
Businessman
At marina

Biography

Craig Kirrin Gore was born in

Champ Car racing teams such as Team Australia racing.[6][7] As a result, Gore played a part in the careers of two of Australia's most successful Motorsport exports Marcos Ambrose (NASCAR) and Will Power (INDYCAR). In 2004 Gore, at the request of the Queensland Government, invested in Australian driver David Besnard, who drove in the INDY 300 classic on the Gold Coast drawing one of the biggest one day crowds to a motorsport event in Australian history.[8]
Crag Gore has business interest in Australia, the United States and Europe, mostly in the property development sector.

Insolvency and bankruptcy

Gore was Bankrupted in 1992 after the failure of his advertising agency and the failure of his father's business. Gore's bankruptcy was later annulled after a meeting of creditors was called by the public trustee. In 2008, Secured Capital & Finance, a firm jointly owned by Gore and John Atkinson froze redemptions to its clients.[9] The appointed liquidator CRSWarnerKugel found that Wright Patton Shakespeare, a financial advice firm then owned by the duo, had recommended that their clients invest in SC&F.[9] The liquidator went on to describe the arrangement to "something akin to a Ponzi scheme", something denied by Gore.[9] The liquidators investigations suggested that between 2001 and 2004, Secured Capital & Finance used investors' money to make interest payments to other investors, forward money to other companies with the Atkinson Gore Group owned by Gore and Atkinson.[9] none of the liquidators claims were tested in a court nor was any public examination undertaken to test the veracity of the liquidators claims.

Wright Patton Shakespeare, which had been subsequently acquired by British Author Lord Michael Ashcroft, after negotiations with Gore, to settle claims by investors, offered to pay investors 10¢ in the dollar and take over their debts, before paying out 60¢ in the dollar over four years.[9]

Gore's creditors accepted an offer which provided for a payment of 3 million dollars, over three years, and 30% of all profits from a Gore-controlled trust on 18 November 2010.[10][11][12] His creditors decided to terminate the PIA on 24 February 2012.[13][14] after the appointment of CRS Krugel were appointed as trustee to Gore Bankruptcy, which Gore contested was a direct conflict of interest as CRSWarnerKrugel had previously made unfounded claims against Gore and business partner Atkinson. Gore declared himself bankrupt and the Public Trustee ITSA consented to on act as official trustee 18 April 2012.[15][16] Creditors concerned about the contents of the official trustees' report, voted to terminate the official trustees appointment and voted in Gregory Moloney of Ferrier Hodgson on 19 September 2012. Gore was released from bankruptcy in April 2015, after concluding no evidence existed to properly extend Gore's bankruptcy. Craig Gore has been associated with a number of large scale property developments since he release. On 27 October 2020, following an earlier five-day judge-alone trial at the Brisbane District Court, Mr Craig Kirrin Gore was found guilty of six counts of fraud. [17]

References

  1. ^ "Child-free housing zone gets big no-no from commissioner". The Sydney Morning Herald. 29 July 2002. Retrieved 28 February 2014.
  2. ^ "Land for sale, Cova, Hope Island, Queensland. Property Investment or Owner Occupier. -Australand". Residential.australand.com.au. Archived from the original on 14 February 2014. Retrieved 28 February 2014.
  3. ^ "Meet Gore's money man, Lord Michael Ashcroft". goldcoast.com.au. 16 September 2008. Retrieved 3 June 2013.
  4. ^ "Wealth: simple as ABC". The Sydney Morning Herald. 13 September 2006. Retrieved 3 June 2013.
  5. ^ "Craig Gore property: luxury rental while ASIC investigates bankruptcy". Crikey. 3 June 2013. Retrieved 28 February 2014.
  6. ^ "Gore applauds US merger". Foxsports.com.au. 23 February 2008. Retrieved 3 June 2013.
  7. ^ WPS Racing[circular reference]
  8. ^ "Australian Sports Crowds (Attendances)". Austadiums. Retrieved 28 February 2014.
  9. ^ a b c d e Clancy Yeates (18 June 2010). "Gore Jnr denies Ponzi scheme". The Sydney Morning Herald. Retrieved 28 February 2014.
  10. ^ Nick Nichols (13 September 2010). "Craig Gore back from the brink of bankruptcy". Gold Coast Bulletin.
  11. ^ CBD (24 October 2009). "Win-win follows loss-loss for gore". The Sydney Morning Herald. Retrieved 3 June 2013.
  12. ^ Craig Gore loses fight over trustee Anthony Marx, The Courier-Mail, 4 January 2012
  13. ^ "Gore facing bankruptcy as creditors crack down". The Australian. 28 September 2012. Retrieved 3 June 2013.
  14. ^ "Craig Gore faces imminent bankruptcy". Goldcoast.com.au. 25 February 2012. Retrieved 3 June 2013.
  15. ^ "Craig Gore: I'm bankrupt and scared". Goldcoast.com.au. 18 April 2012. Retrieved 3 June 2013.
  16. ^ "ATO seeks order to wind up Gore". Couriermail.com.au. 20 May 2013. Retrieved 3 June 2013.
  17. ^ "20-258MR Former Queensland property developer Craig Gore found guilty of fraud". asic.gov.au. Retrieved 19 August 2021.
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