Gela Anne Newitt (pictured) appeared in the County Court of Victoria last week for a plea hearing after pleading guilty to obtaining a financial advantage by deception.
ASIC alleged that on two occasions, in February 2009 and March 2009, Newitt dishonestly obtained a financial advantage for herself.
Its also alleged that on two occasions, in January 2010 and July 2010, Ms Newitt dishonestly appropriated deposit money belonging to residents of Mentone Gardens with the intention of permanently depriving them of their money.
ASIC commenced its investigation after receiving a report lodged by the liquidator of Parklane, Roger Grant of Dye & Co Pty Ltd.
They assisted the Liquidator to prepare the supplementary report and provided funding from the Assetless Administration Fund.