Andrew James Sackl fronts court for lying in court
A dodgy businessman once dubbed Melbourne’s “Wolf of Wall St” was caught lying about his finances in a court proceeding he initiated and was referred to police.
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A failed businessman once dubbed Melbourne’s “Wolf of Wall St” lied about his finances in a court proceeding
An Australian Federal Police investigation led to the arrest of Andrew James Sackl who pleaded guilty in the County Court on Thursday to giving false testimony in a judicial proceeding.
The County Court heard that the 36-year-old from Toorak started court proceedings in September 2017.
Prosecutor Diana Karamicov said in August 2020, the court found that Sackl deliberately falsified documents, gave false evidence and failed to make disclosure which prevented the court from making its determination.
The whereabouts of $9m purportedly received as part of the sale of his company Young Media was a major focus of the proceeding, Ms Karamicov said.
The presiding judge prepared a report which was forwarded to the AFP for an investigation into whether Sackl had committed any criminal offence in thay court.
Sackl stated in court documents that his Westpac Bank account had a balance of
$4.2m in 2013 but investigations revealed two deposits of that amount were made in August 2017.
While giving evidence, he lied that the sale of Young Media took place prior to August 2011 and told the court the $4.2m was because of a banking transaction error linked to a refinance.
He also lied that all documents he submitted in court were sourced by his accounts team and that two team members had authority on his bank account.
His lawyer Sam Tovey said Sackl displayed shocking judgement during a period in his life he described as “calamitous”.
By 2021, he said Sackl had lost all his businesses, was bankrupted and suffered in a number of ways. Mr Tovey said a delay of six years for his case to come thus far was a significant factor as well as the fact he was committed to his four children.
The prosecution submitted that a combination sentence, a portion of which should be served immediately, was within range.
Sackl will be sentenced on April 3.
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