Regulatory Alerts2025-11-04
Former Metigy CEO David Fairfull Pleads Guilty to Misleading Investors and Dishonest Use of Position
The Office of the Director of Public Prosecutions is prosecuting former Metigy CEO David Fairfull after he pleaded guilty to making false and misleading statements and dishonestly using his director position under the Corporations Act 2001. Fairfull provided inaccurate revenue information to secure approximately $39 million in capital raises and misappropriated $7.7 million from the company to finance personal real estate purchases. The matter was committed to the Federal Court of Australia for case management, with the sentence hearing adjourned to 15 May 2026.
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