A former AMP planner has pleaded guilty in the NSW District Court to three counts of dishonestly obtaining client funds under the NSW Crimes Act.
Trevor William Martin was an authorised representative of The Salisbury Group, and later Charter Financial Planning, which is owned by AMP.
An ASIC investigation found that between 1 June 2011 and April 2015, Mr Martin stole approximately $208,000 from clients.
ASIC’s investigations claimed that Martin dishonestly obtained the money by inducing clients to transfer money to his business account for him to invest in business opportunities.
Instead, it was found that Martin used that money for his own personal expenses and other purposes.
Sentencing for the matter has been listed for August this year, with Martin released on bail with conditions that included surrendering his passport.
The charge of dishonestly obtaining property by deception carries a maximum penalty of 10 years imprisonment.
Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
You can email him on: [email protected]
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