Former 'Coco Joy' boss Tim Xenos facing 18-months jail-time after being found guilty of misusing more than $100,000
The former boss of a health foods company behind coconut water brand Coco Joy is facing jail time after misusing more than $100,000 to pay for personal bankruptcy and legal expenses.
Tim Xenos, the former chief executive of FAL Healthy Beverages, was sentenced to 18 months in prison after being found guilty of an array of crimes in February.
He was first charged by the Australian Securities and Investments Commission (ASIC) in 2021 where the corporate watchdog claimed Mr Xenos had misused the companies' funds and was running the business despite being disqualified due to bankruptcy.
Court Magistrate Susan Horan found Mr Xenos had committed these offences between November 2013 and September 2015 when he was FAL's CEO.
Mr Xenos was found to have used his position dishonestly to 'gain a financial advantage of approximately $111,392 … by using company funds to pay for personal legal fees and to seek to annul his bankruptcy", according to a statement from ASIC.
He also deliberately failed to disclose his income (US$14,500 per month) and bank accounts to his bankruptcy trustee.
Mr Xenos had pleaded not guilty to the crimes on three occasions between November 2023 and October 2024, but failed to succeed on any occasion.
'In sentencing Mr Xenos, Magistrate Horan said Mr Xenos demonstrated a lack of contrition and insight into his offending and that no other sentence but imprisonment was appropriate,' ASIC said.
The former FAL boss will have to serve 200 hours of community service alongside his prison time and has been automatically disqualified from managing companies until February 2030.
Mr Xenos' personal website, which appears to have last been updated in September 2023, says he takes 'an imaginative approach toward the beverage scene'.
It references a now closed company called Bevpax where multiple types of beverages were produced including coconut water, aloe vera drinks, protein drinks, cold brew coffee and tea, and CBD beverages.
'Tim Xenos has been focusing on producing CBD-infused beverages including functional waters, isotonic beverages, and ice teas,' Mr Xenos' website reads.
'Tim prides himself on being a leading innovator in the beverage industry, and he continues to research new possibilities that are not currently being explored.
'The key to entrepreneurship is the ability to fill gaps in an industry, and Tim is doing exactly that.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Advertiser
29 minutes ago
- The Advertiser
Aid staff killed in Gaza ambush Israel blames on Hamas
Israel has accused Hamas militants of killing five Palestinians who worked for the US-backed Gaza Humanitarian Foundation in an apparent effort to disrupt their food distribution operations. GHF said in a statement that one of its buses was ambushed late on Wednesday as it headed to an aid centre near the southern city of Khan Younis, carrying local men who worked alongside a US team to deliver critical supplies. "Hamas murdered five humanitarian workers from the Gaza Humanitarian Foundation with others being kidnapped," said COGAT, the Israeli defence agency that coordinates humanitarian matters with the Palestinians. "The international community can not ignore Hamas's crimes against humanitarian workers." Hamas declined to comment on the shootings. Social media channels in Gaza said Hamas had targeted the bus because it was allegedly carrying people affiliated with Yasser Abu Shabab, the leader of a large clan which has challenged Hamas's supremacy in the enclave and is being armed by Israel. Elsewhere in Gaza, the local health authority said at least 30 Palestinians had been killed by Israeli gunfire and airstrikes on Thursday, as the small coastal enclave continued to be roiled by violence and destruction. The IDF said it had killed three militants who fired an anti-tank missile towards Israeli soldiers. It also said it had arrested several Hamas members in Syria overnight, accusing them of planning to attack Israeli civilians and IDF forces. Israel has fought for more than 20 months to eliminate Hamas after it launched deadly attacks October 7, 2023 that ignited the war. All efforts to end the conflict through negotiations have failed. Despite the bus attack, GHF said it was continuing its distribution efforts on Thursday, handing out food boxes early at one of its sites, before shutting its gates there. The GHF has handed out more than 16 million meals since it started operations in Gaza at the end of May, overseeing a new model of food distribution which the United Nations says is neither impartial nor neutral. Gaza's Hamas-run health ministry says more than 160 people have been killed by Israeli fire near the aid centres, as the aid effort repeatedly degenerated into chaos and terror with ravenous locals scrabbling for limited supplies. "This model will not address the deepening hunger. The dystopian 'Hunger Games' cannot become the new reality," Philippe Lazzarini, the chief of the UN Palestinian refugee agency (UNRWA), wrote on X. "The UN including @UNRWA have the knowledge, expertise & community trust to provide dignified & safe assistance. Just let the humanitarians do their jobs," he added. Israel has repeatedly called for UNRWA to be disbanded, accusing it of having ties with Hamas. UNRWA has denied this. Besides the GHF distribution effort, Israel is also letting into Gaza trucks carrying flour for the handful of bakeries that are still operating. For the first time in months, Israel allowed humanitarian trucks to enter northern Gaza directly overnight - with 56 trucks carrying supplies from the UN's World Food Programme crossing into the largely devastated region. Israel has accused Hamas militants of killing five Palestinians who worked for the US-backed Gaza Humanitarian Foundation in an apparent effort to disrupt their food distribution operations. GHF said in a statement that one of its buses was ambushed late on Wednesday as it headed to an aid centre near the southern city of Khan Younis, carrying local men who worked alongside a US team to deliver critical supplies. "Hamas murdered five humanitarian workers from the Gaza Humanitarian Foundation with others being kidnapped," said COGAT, the Israeli defence agency that coordinates humanitarian matters with the Palestinians. "The international community can not ignore Hamas's crimes against humanitarian workers." Hamas declined to comment on the shootings. Social media channels in Gaza said Hamas had targeted the bus because it was allegedly carrying people affiliated with Yasser Abu Shabab, the leader of a large clan which has challenged Hamas's supremacy in the enclave and is being armed by Israel. Elsewhere in Gaza, the local health authority said at least 30 Palestinians had been killed by Israeli gunfire and airstrikes on Thursday, as the small coastal enclave continued to be roiled by violence and destruction. The IDF said it had killed three militants who fired an anti-tank missile towards Israeli soldiers. It also said it had arrested several Hamas members in Syria overnight, accusing them of planning to attack Israeli civilians and IDF forces. Israel has fought for more than 20 months to eliminate Hamas after it launched deadly attacks October 7, 2023 that ignited the war. All efforts to end the conflict through negotiations have failed. Despite the bus attack, GHF said it was continuing its distribution efforts on Thursday, handing out food boxes early at one of its sites, before shutting its gates there. The GHF has handed out more than 16 million meals since it started operations in Gaza at the end of May, overseeing a new model of food distribution which the United Nations says is neither impartial nor neutral. Gaza's Hamas-run health ministry says more than 160 people have been killed by Israeli fire near the aid centres, as the aid effort repeatedly degenerated into chaos and terror with ravenous locals scrabbling for limited supplies. "This model will not address the deepening hunger. The dystopian 'Hunger Games' cannot become the new reality," Philippe Lazzarini, the chief of the UN Palestinian refugee agency (UNRWA), wrote on X. "The UN including @UNRWA have the knowledge, expertise & community trust to provide dignified & safe assistance. Just let the humanitarians do their jobs," he added. Israel has repeatedly called for UNRWA to be disbanded, accusing it of having ties with Hamas. UNRWA has denied this. Besides the GHF distribution effort, Israel is also letting into Gaza trucks carrying flour for the handful of bakeries that are still operating. For the first time in months, Israel allowed humanitarian trucks to enter northern Gaza directly overnight - with 56 trucks carrying supplies from the UN's World Food Programme crossing into the largely devastated region. Israel has accused Hamas militants of killing five Palestinians who worked for the US-backed Gaza Humanitarian Foundation in an apparent effort to disrupt their food distribution operations. GHF said in a statement that one of its buses was ambushed late on Wednesday as it headed to an aid centre near the southern city of Khan Younis, carrying local men who worked alongside a US team to deliver critical supplies. "Hamas murdered five humanitarian workers from the Gaza Humanitarian Foundation with others being kidnapped," said COGAT, the Israeli defence agency that coordinates humanitarian matters with the Palestinians. "The international community can not ignore Hamas's crimes against humanitarian workers." Hamas declined to comment on the shootings. Social media channels in Gaza said Hamas had targeted the bus because it was allegedly carrying people affiliated with Yasser Abu Shabab, the leader of a large clan which has challenged Hamas's supremacy in the enclave and is being armed by Israel. Elsewhere in Gaza, the local health authority said at least 30 Palestinians had been killed by Israeli gunfire and airstrikes on Thursday, as the small coastal enclave continued to be roiled by violence and destruction. The IDF said it had killed three militants who fired an anti-tank missile towards Israeli soldiers. It also said it had arrested several Hamas members in Syria overnight, accusing them of planning to attack Israeli civilians and IDF forces. Israel has fought for more than 20 months to eliminate Hamas after it launched deadly attacks October 7, 2023 that ignited the war. All efforts to end the conflict through negotiations have failed. Despite the bus attack, GHF said it was continuing its distribution efforts on Thursday, handing out food boxes early at one of its sites, before shutting its gates there. The GHF has handed out more than 16 million meals since it started operations in Gaza at the end of May, overseeing a new model of food distribution which the United Nations says is neither impartial nor neutral. Gaza's Hamas-run health ministry says more than 160 people have been killed by Israeli fire near the aid centres, as the aid effort repeatedly degenerated into chaos and terror with ravenous locals scrabbling for limited supplies. "This model will not address the deepening hunger. The dystopian 'Hunger Games' cannot become the new reality," Philippe Lazzarini, the chief of the UN Palestinian refugee agency (UNRWA), wrote on X. "The UN including @UNRWA have the knowledge, expertise & community trust to provide dignified & safe assistance. Just let the humanitarians do their jobs," he added. Israel has repeatedly called for UNRWA to be disbanded, accusing it of having ties with Hamas. UNRWA has denied this. Besides the GHF distribution effort, Israel is also letting into Gaza trucks carrying flour for the handful of bakeries that are still operating. For the first time in months, Israel allowed humanitarian trucks to enter northern Gaza directly overnight - with 56 trucks carrying supplies from the UN's World Food Programme crossing into the largely devastated region. Israel has accused Hamas militants of killing five Palestinians who worked for the US-backed Gaza Humanitarian Foundation in an apparent effort to disrupt their food distribution operations. GHF said in a statement that one of its buses was ambushed late on Wednesday as it headed to an aid centre near the southern city of Khan Younis, carrying local men who worked alongside a US team to deliver critical supplies. "Hamas murdered five humanitarian workers from the Gaza Humanitarian Foundation with others being kidnapped," said COGAT, the Israeli defence agency that coordinates humanitarian matters with the Palestinians. "The international community can not ignore Hamas's crimes against humanitarian workers." Hamas declined to comment on the shootings. Social media channels in Gaza said Hamas had targeted the bus because it was allegedly carrying people affiliated with Yasser Abu Shabab, the leader of a large clan which has challenged Hamas's supremacy in the enclave and is being armed by Israel. Elsewhere in Gaza, the local health authority said at least 30 Palestinians had been killed by Israeli gunfire and airstrikes on Thursday, as the small coastal enclave continued to be roiled by violence and destruction. The IDF said it had killed three militants who fired an anti-tank missile towards Israeli soldiers. It also said it had arrested several Hamas members in Syria overnight, accusing them of planning to attack Israeli civilians and IDF forces. Israel has fought for more than 20 months to eliminate Hamas after it launched deadly attacks October 7, 2023 that ignited the war. All efforts to end the conflict through negotiations have failed. Despite the bus attack, GHF said it was continuing its distribution efforts on Thursday, handing out food boxes early at one of its sites, before shutting its gates there. The GHF has handed out more than 16 million meals since it started operations in Gaza at the end of May, overseeing a new model of food distribution which the United Nations says is neither impartial nor neutral. Gaza's Hamas-run health ministry says more than 160 people have been killed by Israeli fire near the aid centres, as the aid effort repeatedly degenerated into chaos and terror with ravenous locals scrabbling for limited supplies. "This model will not address the deepening hunger. The dystopian 'Hunger Games' cannot become the new reality," Philippe Lazzarini, the chief of the UN Palestinian refugee agency (UNRWA), wrote on X. "The UN including @UNRWA have the knowledge, expertise & community trust to provide dignified & safe assistance. Just let the humanitarians do their jobs," he added. Israel has repeatedly called for UNRWA to be disbanded, accusing it of having ties with Hamas. UNRWA has denied this. Besides the GHF distribution effort, Israel is also letting into Gaza trucks carrying flour for the handful of bakeries that are still operating. For the first time in months, Israel allowed humanitarian trucks to enter northern Gaza directly overnight - with 56 trucks carrying supplies from the UN's World Food Programme crossing into the largely devastated region.
Perth Now
3 hours ago
- Perth Now
Aid staff killed in Gaza ambush Israel blames on Hamas
Israel has accused Hamas militants of killing five Palestinians who worked for the US-backed Gaza Humanitarian Foundation in an apparent effort to disrupt their food distribution operations. GHF said in a statement that one of its buses was ambushed late on Wednesday as it headed to an aid centre near the southern city of Khan Younis, carrying local men who worked alongside a US team to deliver critical supplies. "Hamas murdered five humanitarian workers from the Gaza Humanitarian Foundation with others being kidnapped," said COGAT, the Israeli defence agency that coordinates humanitarian matters with the Palestinians. "The international community can not ignore Hamas's crimes against humanitarian workers." Hamas declined to comment on the shootings. Social media channels in Gaza said Hamas had targeted the bus because it was allegedly carrying people affiliated with Yasser Abu Shabab, the leader of a large clan which has challenged Hamas's supremacy in the enclave and is being armed by Israel. Elsewhere in Gaza, the local health authority said at least 30 Palestinians had been killed by Israeli gunfire and airstrikes on Thursday, as the small coastal enclave continued to be roiled by violence and destruction. The IDF said it had killed three militants who fired an anti-tank missile towards Israeli soldiers. It also said it had arrested several Hamas members in Syria overnight, accusing them of planning to attack Israeli civilians and IDF forces. Israel has fought for more than 20 months to eliminate Hamas after it launched deadly attacks October 7, 2023 that ignited the war. All efforts to end the conflict through negotiations have failed. Despite the bus attack, GHF said it was continuing its distribution efforts on Thursday, handing out food boxes early at one of its sites, before shutting its gates there. The GHF has handed out more than 16 million meals since it started operations in Gaza at the end of May, overseeing a new model of food distribution which the United Nations says is neither impartial nor neutral. Gaza's Hamas-run health ministry says more than 160 people have been killed by Israeli fire near the aid centres, as the aid effort repeatedly degenerated into chaos and terror with ravenous locals scrabbling for limited supplies. "This model will not address the deepening hunger. The dystopian 'Hunger Games' cannot become the new reality," Philippe Lazzarini, the chief of the UN Palestinian refugee agency (UNRWA), wrote on X. "The UN including @UNRWA have the knowledge, expertise & community trust to provide dignified & safe assistance. Just let the humanitarians do their jobs," he added. Israel has repeatedly called for UNRWA to be disbanded, accusing it of having ties with Hamas. UNRWA has denied this. Besides the GHF distribution effort, Israel is also letting into Gaza trucks carrying flour for the handful of bakeries that are still operating. For the first time in months, Israel allowed humanitarian trucks to enter northern Gaza directly overnight - with 56 trucks carrying supplies from the UN's World Food Programme crossing into the largely devastated region.
Man of Many
4 hours ago
- Man of Many
Old Fitzgerald Keeps It Classy With New ‘7-Year Bottled in Bond' Bourbon
By Jacob Osborn - News Published: 12 June 2025 |Last Updated: 11 June 2025 Share Copy Link Readtime: 3 min Every product is carefully selected by our editors and experts. If you buy from a link, we may earn a commission. Learn more. For more information on how we test products, click here. Old Fitzgerald bourbon is a history lesson unto itself, and one can sense as much just by scoping the timeless bottle design. The label stayed the course through Prohibition and eventually took their operation to the famous Stitzel-Weller Distillery, which shuttered in 1992. Production migrated over to Bernheim Distillery and then again to the current owner, Heaven Hill. Limited supply and skyrocketing price points have kept the majority of these expressions out of reach, but that all changes with a new signature statement. Introducing Old Fitzgerald's 7-Year-Old Bottled-in-Bond Straight Kentucky Bourbon Whiskey. Over the last decade, Heaven Hill have been keeping Old Fitz alive with a certain degree of temperance (pun intended). However, don't take that to mean the core distillate isn't readily accessible to whiskey lovers. In addition to the affordable Old Fitzgerald Prime, we have the Larceny bourbon range, which likewise uses the same core mashbill of 68% corn, 20% wheat, and 12% malted barley. At the higher end of the spectrum is the acclaimed Decanter Series, a limited edition release that tends to sell out quickly and fetch meteoric prices on the secondhand market. With 7-Year-Old Bottled-in-Bond, an exciting new chapter unfolds in the long and storied history of Old Fitz. Offered at a suggested retail price of US$59.99 (though prices have already increased due to limited supply), the wheated bourbon walks the line between bottom-shelf Prime and the tippy-top-shelf Decanter Series. The liquid delivers a bright copper colour and a welcoming nose of graham cracker and honey. Tasting notes include fresh bread, brown sugar, cinnamon, apricot, and baking spice, which give way to oak at the finish. It's bottled at 100 proof and that's just enough to dial up the flavour without burning your throat on the way down. The use of wheat means one can expect a relatively smooth ride, in general. Old Fitzgerald's 7-Year-Old Bottled-In-Bond | Image: Supplied The launch of 7-Year-Old Bottled-in-Bond doubles as a soft reboot for Old Fitz, complete with their first dedicated website. Between that and various social media campaigns, it's clear that Heaven Hill is committed to preserving the legacy of this historic label. Driving home the heritage vibe is an iconic bottle design that holds the past closely to its heart. 'Seven years proved to be a sweet spot for a Whiskey that already transcends expectations for a wheated Bourbon,' said Master Distiller Conor O'Driscoll of the latest release. While more readily available than the Decanter Series, the new expression appears to be selling out fast. If you can find a bottle for around US$80 or less, don't hesitate to pull the trigger.
