EXCLUSIVE: Kleenmaid Director Tipped To Plead Guilty Trial Due Next Week
Three former directors of the Queensland based Kleenmaid
At the time Kleenmaid operated 22 stores (including 15
6000 Kleenmaid customers lost over $28.5 million alone,
Police charged the directors Bradley Young, Andrew Young and
ChannelNews understands that lawyers representing Armstrong
Shortly after the collapse of the Company the Australian
Creditors of the company were angry about the collapse, and
The mob at the time claimed that they had been robbed
Kleenmaid was placed in administration in 2009, in 2012 the
All of the directors were committed to stand trial in the
Brothers Andrew and Bradley Young who members of the Mormon
ChannelNews has since discovered that Brad Young via his
Back in 2010 Linda Young, the wife of Andrew Young,
Company records show the four companies were registered to a
According to ASIC records, Linda Young is the sole director
All four companies were registered on February 25 2010.
Each of the four businesses share the same shareholder,
The person involved in setting up these businesses for the
In April 2014 ASIC suspended the registration of Wayne John
The suspension started on 29 November 2013 and is for three
ASIC alleged, and the CALDB found, Mr Wessels failed to
Specifically, the CALDB found, among other things, Mr
The new business ventures come after Andrew and Linda Young
Soon after the company’s collapse, the intellectual property
Both Bradley and Andrew Young face lengthy jail terms if
The Young’s have hired barrister John Rivett, who
Armstrong has separate legal representation.
Each of the criminal insolvent trading charges under section 588G(3) of the Corporations Act 2001 carries a maximum penalty of $200,000 or imprisonment for five years or both.
The two fraud charges under section 408C of the Queensland Criminal Code carry a maximum penalty of imprisonment for 12 years.