Ex-Sherwin principal pleads guilty to 25 fraud charges
The former principal of Sherwin Financial Planners and chair of Wickham Securities, Bradley Thomas Sherwin, has pleaded guilty to 25 charges brought by the corporate watchdog after the collapse of his planning business.
Appearing at the Brisbane District Court, Sherwin pleaded guilty to 24 counts of dishonestly causing detriment between May 2009 and December 2012 to the value of nearly $10 million to a number of Sherwin clients, and one count of dishonestly breaching his duties as a Wickham director between June 2010 and October 2010.
Sherwin will be sentenced on 14 November 2017. He did not apply for bail and was remanded in custody.
Wickham Securities collapsed in December 2012 and owed more than $27 million to approximately 300 debenture holders. Sherwin Financial Planners and other companies of which Sherwin was a director collapsed in January 2013, owing more than $30 million to clients of Sherwin Financial Planners.
Sherwin was permanently banned from providing financial services in May 2016 by the Australian Securities and Investments Commission (ASIC).
The Commonwealth director of public prosecutions is prosecuting the matter.
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