James Sackl: Difference between revisions

Created page with "{{person | name = James Sackl 14px | image = James sackl.jpg | caption = | birth_name = Andrew James Sackl | birth_date = | birth_place = Melbourne, Victoria, Australia | nationality = Australian | occupation = Entrepreneur, founder, writer | known_for = Wallace Biotechnologies; Terraform Technologies; Young Media | website = https://jamessackl.com.au/ }}..."
 
No edit summary
Line 18: Line 18:
==Early life and Young Media==
==Early life and Young Media==


Sackl was born and raised in Melbourne, Australia. According to his published biography, his parents separated when he was young and he experienced difficulties during his teenage years. He subsequently left home, worked in a number of different jobs and began developing his first business after completing school.<ref>James Sackl, "About", https://jamessackl.com.au/about</ref>
Sackl was born and raised in Melbourne, Australia. He subsequently worked in a number of different jobs and began developing his first business after completing school.<ref>James Sackl, "About", https://jamessackl.com.au/about</ref>


In 2007, at the age of 21, Sackl established Young Media. He initially sold advertising opportunities to local businesses before the website had been completed, using the advertising revenue received in advance to help finance the website's development. The company subsequently expanded into other Australian cities and was later sold.<ref>James Sackl, "About", https://jamessackl.com.au/about</ref>
In 2007, at the age of 21, Sackl established Young Media. He initially sold advertising opportunities to local businesses before the website had been completed, using the advertising revenue received in advance to help finance the website's development. The company subsequently expanded into other Australian cities and was later sold.<ref>James Sackl, "About", https://jamessackl.com.au/about</ref>
The eventual sale of Young Media subsequently became relevant to legal proceedings involving Sackl, including matters concerning the proceeds from the transaction and their treatment.<ref>CaseNote AU, "Director of Public Prosecutions v Sackl", https://casenote.au/cases/director-of-public-prosecutions-v-sackl</ref>


==Business career==
==Business career==
Line 31: Line 29:


ASIC stated that the five companies operated in areas including software development, vocational education, animal-feed production, migration services and employment services.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>
ASIC stated that the five companies operated in areas including software development, vocational education, animal-feed production, migration services and employment services.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>
In May 2022, ASIC disqualified Sackl from managing corporations for three years and six months following the failure of the five companies.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref> ASIC reported that the companies had combined debts of A$2.9 million to creditors at the time of the decision. This amount included approximately A$830,000 owed to the Australian Taxation Office and A$118,800 owed to the Attorney-General's Department under the Fair Entitlements Guarantee.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>
ASIC stated that Sackl had failed to meet several statutory obligations associated with his directorships. The matters identified included taxation, superannuation, workers' compensation insurance, financial record keeping and insolvency requirements.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>
Sackl applied for a review of the ASIC decision through the Administrative Appeals Tribunal in May 2022. He withdrew the application in March 2023. ASIC subsequently stated that his disqualification would remain in force until 3 November 2025.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>


==Agriculture==
==Agriculture==
Line 51: Line 43:


The sales figures are reported on Sackl's own website and are therefore presented here as figures stated by him rather than independently verified financial results.
The sales figures are reported on Sackl's own website and are therefore presented here as figures stated by him rather than independently verified financial results.
==Legal proceedings==
Sackl has been involved in regulatory and criminal proceedings relating to aspects of his business activities.
===Corporate disqualification===
In May 2022, ASIC announced that Sackl had been disqualified from managing corporations for three years and six months following the failure of five companies in which he had served as a director.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>
According to ASIC, the findings included failures involving taxes, superannuation and workers' compensation insurance premiums, as well as failures to maintain financial records and other breaches of directors' duties.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>
The ASIC decision recorded that Sackl became bankrupt on 13 November 2020. It further stated that he had not been discharged from bankruptcy when the May 2022 decision was made.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref>
===False testimony conviction===
In a separate proceeding, Sackl pleaded guilty to a charge of giving false testimony in a federal judicial proceeding under section 35 of the Crimes Act 1914 (Cth).<ref>CaseNote AU, "Director of Public Prosecutions v Sackl", https://casenote.au/cases/director-of-public-prosecutions-v-sackl</ref>
On 3 April 2025, the County Court of Victoria imposed a total effective sentence of 18 months' imprisonment. The sentence provided for release after six months, subject to entering into a A$2,000 recognisance to be of good behaviour for three years.<ref>CaseNote AU, "Director of Public Prosecutions v Sackl", https://casenote.au/cases/director-of-public-prosecutions-v-sackl</ref>
The judgment identifies Sackl as the defendant and records that the charge concerned false testimony given during federal judicial proceedings.<ref>CaseNote AU, "Director of Public Prosecutions v Sackl", https://casenote.au/cases/director-of-public-prosecutions-v-sackl</ref>
Contemporary reporting linked the proceedings to a dispute involving financial proceeds from the sale of Young Media and statements made during family-law proceedings.<ref>Herald Sun, "Failed Melbourne businessman lied in court about his finances", 3 April 2025, https://www.heraldsun.com.au/leader/melbourne-city/andrew-sackl-fronts-court-for-giving-false-testimony/news-story/93490221ec76a62b39b611029377e563</ref>
Sackl's biography states that he served six months of the sentence before returning to the development of new business ventures.<ref>James Sackl, "About", https://jamessackl.com.au/about</ref>


==Current ventures==
==Current ventures==
Line 107: Line 75:


The publications listed in the archive include USA Today, Business Insider, Yahoo Finance, CEO Today Magazine, LawFuel, Infralogic/ION Analytics and other outlets.<ref>James Sackl, "Press", https://jamessackl.com.au/press</ref>
The publications listed in the archive include USA Today, Business Insider, Yahoo Finance, CEO Today Magazine, LawFuel, Infralogic/ION Analytics and other outlets.<ref>James Sackl, "Press", https://jamessackl.com.au/press</ref>
His career has included commercial ventures as well as regulatory and legal proceedings. ASIC imposed the corporate-management disqualification in 2022, which remained in effect until November 2025. In April 2025, the County Court of Victoria sentenced Sackl after he pleaded guilty to giving false testimony in a federal judicial proceeding.<ref>Australian Securities and Investments Commission, "ASIC disqualifies former Victorian director for breaching directors' duties", 23 May 2022, https://asic.gov.au/about-asic/news-centre/find-a-media-release/2022-releases/22-116mr-asic-disqualifies-former-victorian-director-for-breaching-directors-duties/</ref><ref>CaseNote AU, "Director of Public Prosecutions v Sackl", https://casenote.au/cases/director-of-public-prosecutions-v-sackl</ref>


==External Links==
==External Links==