fraud

Financial planning

‘Beyond opportunistic’: Judge details former adviser’s $4.4m theft

A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer tha...

Financial planning

‘Good result’ as $3.5m Caddick auditor class action approved

A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December. ...

Financial planning

Greater ethics requirements contributing to lower fraud levels

Advisers may say they struggle to meet their ethics CPD requirements, but the learnings are paying off as research finds it has helped to reduce adviser misconduct and fi...

Financial planning

ASIC acts on Qld adviser after $1.8m fraud

ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients....

Financial planning

Victims share ‘heartbreaking’ loss at hands of fraudulent adviser

Two victims of Ben Jayaweera, who was sentenced to 12 years in jail this week, described the fraud as “truly heartbreaking” after they lost $260,000 at his hands....

Financial planning

‘Not only criminal but evil’: Former Brisbane adviser sentenced

A former Brisbane financial adviser has been sentenced after being found guilty of a $5.9 million fraud, with the judge describing his actions as “brazen, gross and callo...

Financial planning

Former Brisbane adviser found guilty of $5.9m fraud

A former Brisbane financial adviser has been found guilty of 28 counts of fraud where his clients lost $5.9 million....

Financial planning

Unlicensed Qld trader loses appeal for fraud sentence

An appeal by convicted fraudster Dr Roger Munro has been dismissed by the Queensland Court of Appeal....

Financial planning

How much did Melissa Caddick’s enforcement action cost the advice sector?

The actions of Sydney fraudster Melissa Caddick have resulted in heavy costs for the financial advice subsector, as the FAAA calls for costs of enforcement against unlice...

Financial planning

How an adviser gambled $3.4m of his clients’ cash

Financial planner, Gavin Fineff, used his position as a trusted adviser to swindle a dozen victims and feed an insatiable gambling addiction that ultimately landed him in...

Financial planning

Former Qld adviser imprisoned after $625k SMSF fraud

A former Sunshine Coast adviser has been sentenced after pleading guilty to nine counts of fraud totalling $625k by withdrawing funds without authorisation from his clien...

Financial planning

Director jailed for $1.8m investment fraud

A Tasmanian director has been sentenced to jail for a $1.8 million fraud scheme, where many of the victims were pensioners who had been targeted by cold-callers. ...