Former van Eyk Research CEO sentenced
The former CEO has been sentenced for using his position as a director dishonestly.
The former chief executive of van Eyk Research, Mark Thomas, has been sentenced to one year and three months’ imprisonment, to be served by way of an intensive correction order (ISO), for using his position as a director dishonestly with the intention of directly or indirectly obtaining an advantage for himself. In Australia an ISO means the sentence will be served in the community.
ASIC said that Thomas dishonestly used his position as director of New Zealand-based van Eyk Research subsidiary Blueprint Investment Management by recommending and facilitating Blueprint investing nearly $5 million in a separate fund, the Wholesale Enhanced Income Fund.
The funds were then loaned to another company, TAA Melbourne, to purchase an interest in van Eyk Research, of which Thomas was also CEO.
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