former opes prime directors jailed

http://www.smh.com.au/business/former-opes-prime-directors-jailed-20110727-1hza0.html

Former Opes Prime boss Laurie Emini and fellow director Anthony Blumberg have been jailed after the security and lending firm's 2008 collapse left creditors owed more than $630 million.

Emini, 48, was jailed for two years. One year is to be served behind bars and the rest as a good behaviour bond.

He pleaded guilty to two counts of using his position of company director for an advantage and one of recklessly signing documents.

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Blumberg, 43, was jailed for one year. Six months is to be served behind bars and the remainder as a good behaviour bond.

He pleaded guilty to one charge of using his position dishonestly to gain an advantage.

Victorian Supreme Court Justice David Beach described the pair's offending as serious but added that their co-operation with authorities showed genuine remorse and it was highly likely they would not reoffend.

He said they were entitled to have their previous good character taken into account.

AAP


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