Whitehead was found guilty after an Australian Securities and Investments Commission investigation into his involvement in the management of MyGrocer-related co-operators, Mysupercentre.com and MyGrocer. They found that Whitehead signed lease agreements for both companies, negotiated agreements with suppliers and licensees, and engaged agency staff to work in the business between November 2003 and August 2004.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions after the initial investigation by ASIC.
ASIC have let this rogue get off so lightly with so much as a slap on the wrist. He has destroyed the financial future of so many families & put us all under considerable stress & pressure over the past few years since this monster conned over 30 franchisees & creditors to tune of about $3 million. ASIC have made no effort to link his chequered past (over 18 years of scams), or investigate the elaborate web of companies he had setup to protect his assets whilst moving our hard earned $$$$$$ around. ASIC consider this a small case, but they have not considered what impact this criminal has had on all of us... the stress, pressure & burden he has inflicted. ASIC have created an unjust system that allows rogues like this to continue doing harm & destroy the lives of people they're meant to protect.