Ex-broker gets 18 months
Former Sydney broker Paul Blundell will serve at least nine months in jail following his sentencing on Friday on charges of fraudulently omitting to account for money.
A former director of insurance broking company Blundell & Associates, Mr Blundell, 42, of Noosa, Queensland, received two fixed terms of six months for two counts of fraudulently omitting to account for money between April and July 2002.
He was sentenced to a further 18 months for another count of fraudulently omitting to account for money, with a non-parole period of nine months. The sentences are to be served concurrently.
In May Mr Blundell pleaded guilty in the NSW District Court to three counts relating to almost $160,000 in premium payments from clients which he used for his own purposes.
His brother Richard, of the Sydney suburb of Bronte, was sentenced earlier to two years’ jail, discounted to 18 months due to a guilty plea, in relation to four counts of dishonestly obtaining money by deception from May to July 2002.
A former director of insurance broking company Blundell & Associates, Mr Blundell, 42, of Noosa, Queensland, received two fixed terms of six months for two counts of fraudulently omitting to account for money between April and July 2002.
He was sentenced to a further 18 months for another count of fraudulently omitting to account for money, with a non-parole period of nine months. The sentences are to be served concurrently.
In May Mr Blundell pleaded guilty in the NSW District Court to three counts relating to almost $160,000 in premium payments from clients which he used for his own purposes.
His brother Richard, of the Sydney suburb of Bronte, was sentenced earlier to two years’ jail, discounted to 18 months due to a guilty plea, in relation to four counts of dishonestly obtaining money by deception from May to July 2002.