A former Queensland financial planner has been jailed for 10 months to be followed by a five-year good behaviour bond after appearing in the Brisbane District Court on eight charges brought by the Australian Securities and Investments Commission (ASIC).
The man, Scott James Dawson of the Brisbane suburb of Greenslopes, was sentenced to three and a half years jail after pleading guilty to eight charges and will serve 10 months of that sentence before being released on a five-year good behaviour bond.
Dawson, a former director and secretary of Dawson & Dawson Risk Management Pty Ltd, pleaded guilty to seven counts of dishonestly causing detriment to six clients totalling almost $127,000 between February 2002 and July 2004. The defendant also pleaded guilty to one count of uttering a forged document.
ASIC alleged that Dawson encouraged clients, family and friends to invest in shares, managed investments and superannuation funds. The court was told that the investments, however, never occurred and Dawson transferred the funds into accounts operated by himself and used the funds for personal expenses.
Dawson, who was permanently banned by ASIC in 2006, provided restitution to the six investors subject to the charges.
