Australia Court Sentenced Australia AI Marketing Company Metigy Pty Ltd CEO (David Fairfull) to 9-Year Jail Term for Misleading Investors with $27 Million (AUD 39 Million) Capital Raised from 2018 to 2021 & Using $5.4 Million (AUD 7.7 Million) as Loan from Company to Buy Residential Property for Personal Use
21st June 2026 | Hong Kong
An Australia court has sentenced Australia AI marketing company Metigy Pty Ltd CEO (David Fairfull) to 9-year jail term for misleading investors with $27 million (AUD 39 million) capital raised from 2018 to 2021, and using $5.4 million (AUD 7.7 million) as loan from company to buy a residential property for his personal use. Australia ASIC (19/6/26): “The Federal Court has sentenced the former CEO of AI marketing company Metigy Pty Ltd (Metigy), David Fairfull, to nine years’ imprisonment following an ASIC investigation into misleading conduct and the misuse of company funds. After pleading guilty in November 2025 (25-263MR), the Federal Court today convicted Mr Fairfull on one count each of making false and misleading statements to investors and dishonestly using his position as a director for personal gain. Mr Fairfull was sentenced to seven years and six months’ imprisonment for making false or misleading statements to investors and three years’ imprisonment for using his position as a director dishonestly. 18 months of the sentence was ordered to be served concurrently. As a result, the total sentence imposed by the court was nine years imprisonment with a non-parole period of five years and four months … … The offending related to multiple capital raising activities between 2018 and 2021 during which investors contributed significant funds to Metigy based on false representations about the company’s financial performance, including: 1) three capital raisings between October 2018 and October 2020, which raised approximately $23.4 million, 2) a secondary share sale in July 2021, which raised approximately $15.7 million, and 3) a proposed capital raising of $50 million … … In total, investors paid just over $39 million based on Mr Fairfull’s sustained and repeated misleading statements. In November 2021, Mr Fairfull also dishonestly used his position as a director to cause $7.7 million to be lent by Metigy to fund the purchase of residential real estate for his personal benefit. Background – Between 2018 and 2021, the Metigy group developed software marketed as using artificial intelligence to support small and medium businesses with digital marketing strategies. Mr Fairfull pleaded guilty to: 1) one count of making false and misleading statements, contrary to ss 1041E(1) and 1311(1) of the Corporations Act 2001, and 2) one count of dishonestly using his position as a director to gain an advantage, contrary to s 184(2) of the Corporations Act 2001. ASIC’s investigation found that Mr Fairfull provided false information about the company’s revenue and income to investors and misused company funds for personal benefit.”
“ Australia Court Sentenced Australia AI Marketing Company Metigy Pty Ltd CEO (David Fairfull) to 9-Year Jail Term for Misleading Investors with $27 Million (AUD 39 Million) Capital Raised from 2018 to 2021 & Using $5.4 Million (AUD 7.7 Million) as Loan from Company to Buy Residential Property for Personal Use “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Australia Court Sentenced Australia AI Marketing Company Metigy Pty Ltd CEO (David Fairfull) to 9-Year Jail Term for Misleading Investors with $27 Million (AUD 39 Million) Capital Raised from 2018 to 2021 & Using $5.4 Million (AUD 7.7 Million) as Loan from Company to Buy Residential Property for Personal Use
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
