Motivational speaker charged
A former motivational speaker has been committed to stand trial on charges of dishonestly promoting a non-existent investment scheme.
Christopher Koch, of Hoppers Crossing in Victoria, will appear before Melbourne County Court on charges brought by the Australian Securities and Investments Commission (ASIC), relating to the promotion of an investment scheme between 1996 and 2000.
ASIC alleges that the accused dishonestly promoted an investment opportunity while gaining personal financial advantage.
The fictitious high-yielding scheme that Koch promoted involved 16 investors putting in approximately $1,387,467.
In December 2006 Koch was arrested in Auckland, New Zealand, and extradited to Australia the following month.
The matter has been listed for case conference on November 22, 2007, at the Melbourne County Court.
Recommended for you
A NSW-based adviser has been banned from providing financial services for five years for inappropriate advice and the AFSL of his business has been cancelled by ASIC.
The introduction of Rhombus Advisory has caused a shift in the top advice licensees as Insignia separates its advice business into two channels.
Given the clear divergence between the cost of financial advice and clients’ willingness to pay, two experts explore how advisers can transform the way they convey value to potential clients.
Nearly 18 months since Invest Blue adopted its nine-day fortnight structure to support employee wellbeing, the national advice firm has enjoyed positive results across all metrics.