David Fairfull, the bankrupt founder and former CEO of marketing startup Metigy, has been charged with fraud following an ASIC investigation into the company's failure.
Fairfull allegedly provided false information about the company's revenue and income to potential investors and used his position as a director to obtain a personal loan of over $7 million.
Metigy, a digital marketing startup that aimed to provide small businesses with data and strategic insights, collapsed in July 2022, just 20 months after raising $20 million in a Series B round.
Fairfull admitted to providing false bank statements but claimed to have acted alone. The matter will be heard in court on December 10.