Ex-practice director pleads guilty to false document charges

ASIC announced that Wael Kourieh, who was a director of Nexus Financial Planning Pty Ltd from 8 June 2010 until 14 March 2016, entered the plea in Parramatta Local Court on Friday.

The corporate regulator said that Nexus purchased a client book for AMP superannuation product, SuperLeader, and received commissions from AMP in relation to each member in the client book. It’s understood Mr Kourieh was responsible for “generating new business and administering the SuperLeader client book”.

ASIC alleges that between September and November 2015, Mr Kourieh “made false documents by forging 30 member signatures on AMP superannuation investment election forms with the intention of inducing AMP employees to accept them as genuine to obtain a financial advantage, namely commissions from AMP” and “used false documents... knowing them to be false, intending they be used to induce AMP employees to accept them as genuine, to obtain a financial advantage, namely commissions from AMP”.

The maximum penalty for the offences is a two-year prison sentence and/or an $11,000 fine.

The matter is listed for sentencing on 6 August.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

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Neil is also the host of the ifa show podcast.