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Dr. Mark Sinclair
Dr. Mark Sinclair, Mentor Education

Former WealthSure adviser faces criminal charges

27 August 2013

The Australian Securities and Investment Commission continues to step up its assault against advisers partaking in criminal activities as it announced that a former WealthSure financial

Brian William Veitch has appeared in the Sydney District Court, and pleaded guilty to 22 counts of using a false instrument.

Veitch who was an authorised representative of WealthSure from 2005 to 2010 admitted to 21 counts of using false withdrawal requests to fraudulently transfer approximately $500,000 from seven clients’ accounts for his own purposes and without their knowledge or authority. He also pleaded guilty of providing a client with a false portfolio statement causing the client to believe that $300,000 was still in their account when it wasn’t

The matter will return to the Sydney District Court on 8 November 2013, with conditional bail to continue and the Commonwealth Director of Public Prosecutions is prosecuting this matter.

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