CA ANZ terminates membership of jailed ex-liquidator

Before this decision, Amos was sentenced to four years in prison for stealing funds from across five companies while serving as either their external administrator or liquidator.

The former liquidator was in business between 11 May 2006 and 11 May 2023, founded Amos Insolvency in 2008 and was appointed as voluntary administrator, before being deemed as a deed administrator of a deed of company arrangement for Mikcon Employment Services, TPC and Conomi Group within this period. 

In December 2024, the District Court of NSW heard that from 6 October 2016 to 31 December 2022, Amos transferred over $3 million from the accounts of Mikcon, TPB, POW, A-Force and Conomi Group to his insolvency business.

Once transferred, the funds were used for Amos’ own benefit and to pay unrelated expenses for Amos Insolvency.

From this, Amos was sentenced on 13 December 2024 to four years' imprisonment after pleading guilty to charges of dishonestly using his position with the intention of gaining an advantage for his business and himself contrary to s 184(2)(a) of the Corporations Act 2001 (Cth).

The court imposed a non-parole period of two years and disqualified him from managing corporations for a period of five years after the date he is to be released from prison, as well as no longer being able to accept any appointments as an external administrator.

In addition to the CA ANZ Tribunal terminating Amos’ membership based on his criminal history and imprisonment, a cost sanction in the sum of $30,681 for the full costs and expenses of the proceedings was imposed. 

The tribunal said it came to its decision based on Amos having pleaded guilty and convicted of the crimes, the conduct being extremely serious and that “public confidence in CA ANZ and in the profession of accountancy would not be maintained if the Member was allowed to continue in membership with this criminal conviction”.