A Townsville financial adviser has been charged with dishonestly using client funds following an ASIC investigation.
Anthony Vivian Dick, a former financial adviser based in Townsville, has been charged with 11 counts of dishonestly applying to his own use property belonging to another.
The charges carry various maximum penalties of between 10 and 14 years’ imprisonment.
ASIC alleges that between March 2006 and December 2017, Mr Dick accessed and transferred around $1.1 million from his clients’ superannuation, pension and personal savings accounts to fund his personal lifestyle expenses.
Mr Dick appeared before court on 10 February 2020. The court granted bail and made an order that he surrender his passport.
The matter will next come before the court on 11 May 2020.
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