A NSW Central Coast man has appeared in a Sydney court today, charged with two counts of fraudulently misappropriating $260,000 from two investors.
William John Jones of Blue Haven, NSW, has been charged with two fraud offences, following an ASIC investigation.
ASIC alleges that Mr Jones misappropriated a total of $260,000 that he obtained from two investors for the purposes of share trading, telling the investors he would “provide them with reliable returns of between 12 per cent and 30 per cent per annum”.
The corporate regulator further alleges Mr Jones used the funds for his own personal benefit.
Mr Jones was granted bail on condition of surrendering his passport to ASIC.
Each of the offences carries a maximum penalty of seven years’ jail.
After Labor has secured a somewhat surprising landslide win in the federal election, the FSC CEO said this will now be a ...
Platform executives are pushing for more advice revenue to be invested in advice tech capabilities, labelling the ...
The licensee said around 80 per cent of eligible Brighter Super members have confirmed they will transition their advice ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin