Financial planner pleads guilty to deception
Trevor Wayne Carll has pleaded guilty in the Adelaide District Court to one count of deception and two counts of dishonest dealing with documents.
Carll, a former Adelaide-based financial planner, was caught out by licensees who brought his dealings to the attention of the Australian Securities and Investments Commission (ASIC).
Carll deceived two clients about the intended use of documents signed by them and arranged for their assets, totalling over $900,000, to be held as security for his personal loan margin. He also provided false documents to Macquarie Bank in an attempt to release his clients' funds.
He is yet to be sentenced for the offences which occurred between 31 May 2005 and 16 October 2008 while he was an authorised representative of Financial Wisdom and Financial Planning Services Australia.
Each sentence carries a maximum penalty of 10 years in gaol.
Carll previously pleaded not guilty to one count of deception and 27 counts of dishonest dealings with documents.
ASIC banned Carll from providing financial services in February 2011.
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