Plasma ad man faces 55 ASIC charges

By James Wells

SYDNEY: A former director of a Melbourne-based plasma television advertising business has appeared in the Melbourne Magistrates Court on 55 charges.

John Tsingaris, 48, has been charged with dishonestly using his position and obtaining a financial advantage, following an investigation by Australian Securities and Investment Commission (ASIC).

Tsingaris has appeared in the Melbourne Magistrates Court on 55 charges, the majority of which relate to his conduct as a director of plasma screen advertising business, Marketing Solutions Group (Australasia) Pty Ltd (MSGA).

The charges relate to offences under the Corporations Act 2001 (Cth) and the Crimes Act 1958 (Vic).

ASIC alleges that Tsingaris transferred funds from MSGA’s bank account to the accounts of two companies of which
Tsingaris was a director, Marketing Solutions Group Pty Ltd (MSG) and IRM Digital Pty Ltd (IRM).

It is alleged that the bank transfers were recorded in the books of MSGA as the purchase of plasma screens, satellite dishes, and GST input, but were transferred to MSG and IRM for unrelated purposes.

ASIC also alleges that Tsingaris was managing corporations while disqualified.

Tsingaris will appear in the Melbourne Magistrates Court for a committal mention on 3 August 2006. No plea has been entered.

The Commonwealth Director of Public Prosecutions is prosecuting the matter.

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