Former bankrupt coconut water CEO Tim Xenos resentenced on ASIC charges

26-184MR

criminal5 Aug 2026

Respondent

Tim Xenos

Facts

Former CEO and director of FAL Healthy Beverages Pty Ltd, Tim Xenos, of Peakhurst, NSW, has been resentenced following his successful appeal against one aspect of his conviction.

Outcome

ASIC criminal conviction/sentence — Tim Xenos resentenced (2026-08-05) to six months' imprisonment served by intensive corrections order with 80 hours' community service, for making business decisions while disqualified and failing to disclose information to his bankruptcy trustee. His conviction for dishonest use of position was overturned on appeal on 24 April 2026. See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-184mr-former-bankrupt-coconut-water-ceo-tim-xenos-resentenced-on-asic-charges

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