A high-profile Brisbane solicitor will likely spend more than a year behind bars after pleading guilty to taking hundreds of thousands of dollars in cash payments from clients.
Tim Meehan is believed to have personally pocketed up to half a million over four years as part of a scheme that allowed him to avoid his tax, bankruptcy and reporting obligations.
Meehan confessed to the Crime and Corruption Commission a month after he was sacked from his job in August 2016.
He also alleged two other people, known to the court as S1 and S2, were involved in the scheme.
The Brisbane Supreme Court heard on Friday that Meehan personally received cash payments from 19 clients, with the funds allegedly partially paid into a bank account and the remainder split between the trio.
S1 and S2 have denied the allegations against them.
Prosecutor Michael Byrne QC said it was not possible to put an accurate figure on the total amount netted during the scheme because of the lack of official records.
Many of the estimated figures involved are from Meehan’s recollection and are believed to have been the proceeds of crime.
“It was not a case where funds were used to finance addiction or prop up an ailing business,” Mr Byrne said.
“It was simply for personal enrichment.”