SFO tells clients to question advisers
Jonathan Graham West pleaded guilty in March to fraud charges laid by the Serious Fraud Office and was today sentenced to three years’ imprisonment.
West faced five Crimes Act charges of theft by person in special relationship for his conduct as a director of The Investment Centre Limited and Matrix Futures Limited, which he operated between 1994 and 2013.
West offered financial planning advice, implementation of investment strategies and ongoing reporting on investments. His clients initially saw satisfactory returns from sound business practices. However, between 2009 and 2013 West began using clients’ funds on their behalf but outside the agreed terms or using his clients’ money for his own purposes.
The offending by West amounted to approximately $1.4 million.
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