A man from Ware in Hertfordshire has narrowly avoided a jail sentence after he was caught setting up firms during his bankruptcy period.
Matthew Gilewicz, 40, was accused of launching a series of business ventures even though he was an undischarged bankrupt. His actions are believed to have cost investors in these ventures more than £100,000.
St Albans Crown Court heard that the father of two, who was formerly a captain of Ware cricket team, was declared bankrupt in July 2006 after his company, Emargee Foods, went under. However, it was revealed that Gilewicz, in the disguise of a solvent businessman, went on to run another company called Golfbag Alarms that he had set up two years earlier.
Two investors placed £40,000 each in this venture, and one even paid out a further £24,000. Despite being removed as a director of Golfbag Alarms, Gilewicz managed to secure a £43,000 loan from Lloyds TSB in late 2006 in order to cover the start-up costs of a new company, Pro Defender Series Ltd. This company received an investment of £25,000 from a Hertford woman who had no idea that Gilewicz had gone bankrupt.
Hardly any of the investors’ money has been repaid, meaning that they and the bank will lose out on £100,000. However, as Gilewicz is now working in a £50,000 a year position, he has promised to pay the injured parties compensations. Despite this gesture, the former cricketer was given a six month prison sentence, which was suspended for 18 months. He must also complete 200 hours of unpaid community work.
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And now he is at it again with Baker Sport Capital... A few of my friends where approached to support with design, marketing and technical development of a platform that the IDBF would be then rolling out across the whole world.
After 18 months or so of work been done for this project they finally get funding from a source unknown to my friends. But then he tells them BSC is shutting down its not going to work and has now disappeared!
https://uk.linkedin.com/in/mattgilewicz
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