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.
Amendments to superannuation law introduced in October have not yet progressed through Parliament. ...
The investment platform has added 12 ESG-focused investment options to its menu in an effort to meet growing adviser and client needs. ...
An ex-bank adviser’s financial services ban has been varied by the Administrative Appeals Tribunal. ...
Get notifications in real time and stay up to date with content that matters to you.
