Westpoint promoter found guilty
Westpoint promoter Neil Burnard is awaiting sentencing after being found guilty on nine criminal charges in the District Court of NSW.
A jury found him guilty under the Crimes Act of NSW of obtaining a financial advantage for various Westpoint Mezzanine companies by making or publishing a statement that he knew to be false.
An Australian Securities and Investments Commission investigation into the collapse of the Westpoint Group of Companies revealed Burnard claimed he was a director of Kebbel Investment Bank, a company that did not exist.
Burnard, who pleaded not guilty to the charges, is to be sentenced on June 20.
Recommended for you
The profession is up by almost 200 advisers for the new financial year, with August continuing the consistent weekly positive gains.
WT Financial has announced its second “Hubco” with a combined valuation of $7.8 million, while its first one has successfully incorporated and is now making its own acquisitions.
The Australian Wealth Advisors Group has entered into a joint venture with a Melbourne financial services firm to launch a wealth manager.
Remediation and litigation costs have led AMP to announce a reduced statutory net profit after tax of $98 million for the first half of 2025.
