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Director gets suspended sentence

Oliver Wood, the director of three Perth-based web development and digital marketing companies, has been handed a 10-month suspended prison sentence for using his position dishonestly to gain an advantage.

Wood was sentenced to 10 months imprisonment, fully suspended upon entering into a $5,000 recognisance to be of good behaviour for 10 months, and was fined $40,000.

He was convicted in the District Court last week on three counts of using his position as a director of SEO Company dishonestly, including withdrawing more than $29,000 from the company’s bank account for personal use, and four counts of making a false statement in a document lodged with the Australian Securities and Investments Commission.

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