A former lawyer convicted of trafficking methylamphetamine, has now been bankrupted.
According to reports by The Courier Mail, Brisbane Federal Circuit Court registrar Murry Belcher made a sequestration order yesterday. He was given a creditor’s petition for failing to pay $1.2m in tax five weeks ago.
Originally ordered to pay $4.35m by the Supreme Court, Munt only managed to come up with $3.19m by the July 7 deadline, committing an ‘act of bankruptcy’.
Munt, a Brisbane father-of-five, sold his quarter share of plaintiff law firm Trilby Misso to Slater & Gordon back in 2010, his share of the profits was thought to be around $19m.
In 2011, Munt was charged with trafficking methylamphetamine after he became addicted and began trafficking to feed his habit, The Courier Mail reported.
The Supreme Court gave him a suspended three-year jail sentence after he pleaded guilty to the trafficking and 20 counts of supplying.
His barrister told the court during his sentencing that Munt was ‘virtually penniless’.