James Charles Andronicos who is the director of Business Ideas Group in Queensland has a pending warrant arrest and is sought by collection agencies. do not trust his "income guarantee" scheme, its utter bullshit. Call the Holland Park Mag court and investigate before you purchase anything from this man.
03-415 Bankrupt Brisbane businessman sentenced on ASIC charges

Monday 22 December 2003


Mr James Charles Andronicos, a former director of the Brisbane-based Boldrow Pty Ltd, has been sentenced at the Brisbane District Court in relation to five Bankruptcy Act charges and one Corporations Act charge brought by the Australian Securities and Investments Commission (ASIC).

Mr Andronicos was sentenced to serve a total of two and a half years imprisonment. The court ordered that the sentence be suspended after serving six months upon Mr Andronicos entering into a $2000 recognisance to be of good behaviour for three years.

Mr Andronicos, 44 years old, pleaded guilty to one charge of managing Boldrow Pty Ltd while an undischarged bankrupt and five counts of obtaining money by promising to supply goods and obtaining credit while an undischarged bankrupt, without disclosing his bankruptcy.

Boldrow Pty Ltd, which traded as Good as Gold and Dynamicard, was a retailer of printing machines and printing supplies, generally for people operating printing businesses from their homes.

ASIC alleged that Mr Andronicos obtained approximately $46,000 from people on the promise of supplying them goods, without disclosing that he was an undischarged bankrupt.

In addition, ASIC alleged that he obtained goods worth approximately $17,000 from a company, without disclosing his bankruptcy status.

‘ASIC will take action to ensure that undischarged bankrupts who break the law by failing to disclose their bankruptcy status when managing companies, are brought before the Courts’, ASIC Director of Enforcement, Mr Allen Turton said.

The Commonwealth Director of Public Prosecutions prosecuted the matter.