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
Numbers are in for 2024 with Wealth Data confirming how many advisers left during the calendar year and which business models saw the largest growth in terms of new licensees.
Praemium has seen its highest net inflows in over two years for Q2 FY25 as its Powerwrap platform returns to inflows after five consecutive quarterly outflows.
Insignia Financial has announced total quarterly net inflows of $2.3 billion as well as a third bid from Bain Capital.
As DBFO reforms around fees take effect, Adviser Ratings explores how advice businesses can adopt more transparent and client-centric pricing models in 2025.
