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.
its unbelievable that an incompetent person like regan can be paid so much it’s immoral and wrong. feel for the amp shareholders it’s been a total disaster since the day they listed
[quote=Adam]Silly boy. He should have been the CEO of AMP and stole people’s money by charging clients without an adviser, financial planning fees….or even stole there money via crappy expensive AMP products….or leave advisers listed to prevent triggering Opt in. That way he’d be “rewarded” with a 7 figure salary plus an redundancy package.
[/quote][quote=Adam]Silly boy. He should have been the CEO of AMP and stole people’s money by charging clients without an adviser, financial planning fees….or even stole there money via crappy expensive AMP products….or leave advisers listed to prevent triggering Opt in. That way he’d be “rewarded” with a 7 figure salary plus an redundancy package.
[/quote] how the hell do you make that connection? God help your clients if that is your rational thinking process
AMP is a dodgy financial institution and known for ripping of their clients. I highly recommend advisers to say away.
Adam is so right. This goofball stole $208,000 which is a paltry sum and about a months pay for the AMP Executives who dumped the poor shareholders in the current mess.
Jack Regan got paid about $2m in his last year at AMP and then another $2m to leave (see last Annual report).
Silly boy. He should have been the CEO of AMP and stole people’s money by charging clients without an adviser, financial planning fees….or even stole there money via crappy expensive AMP products….or leave advisers listed to prevent triggering Opt in. That way he’d be “rewarded” with a 7 figure salary plus an redundancy package.
good to see ASIC doing what it really should with the real crooks instead of cherry picking SOa ‘s !!!!