South Australian adviser charged with fraud

An Adelaide-based financial adviser has been arrested for allegedly stealing $1.4 million from her clents’ investments and will face court today. 

The Commercial and Electronic Crime Branch of the South Australian police yesterday arrested a 39-year-old woman with 134 counts of theft, totalling $1,388,000.

The woman was refused police bail and will appear in the Adelaide Magistrate’s Court today.

It will be alleged that the woman was working as a financial adviser when she stole money from her victims’ investments.

Investigations are continuing, according to a spokesperson for the South Australian police. Further victims may come forward, he said – and if they do, further charges may be laid.

Update: Tina Louise McPhee appeared before the Adelaide Magistrates Court on Wednesday.

According to court documents , the thefts began in August 2006 when Ms McPhee was working as a financial adviser and continued until October 2012.

Add comment

Security code


0 #1 Advice Body 2013-07-24 10:34
Was she an accountant or member of NTAA?

Feature Video

Latest Blogs


Time to level the playing field for Fintech start-ups

George Lucas: "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in...More >>

Who’s looking after advisers’ best interests?

Bronwyn Delaney: The purpose of these meetings is to ensure the adviser and, in turn, their clients are fully apprised of the unique benefits of a product....More >>

A federal election? Be afraid

Don Trapnell: Conversations we have been party to around the traps reveal there is much criticism of the current government. A lot of that criticism in our...More >>

Latest Comments

  • Budget 2016 at a glance

    Interesting that $250k+ are going to pay a 30% tax on conts whereas retaining in a PTYLTD will only incur 27.5% for earnings...feel s a bit like a 2.5% ...
    03 May 20:44  
  • Budget 2016 at a glance

    Really pleased to see the government taking steps to finally gain some much overdue tax from the multinationals reaping millions of dollars in profits ...
    03 May 20:42  
  • Budget 2016 at a glance

    So tax planning by contributing to super is restricted but it is fine to continue to have unlimited negative gearing. High income ($250,000) earner can ...
    03 May 20:21