Former Principal of Sherwin Financial Planners sentenced to 10 years imprisonment

Reason:
Fraudulent
Comment:
10 years imprisonment for fraud
Content of Penalty:

On 5 September 2017, Mr Sherwin, 63, appeared in the Brisbane District Court, and pleaded guilty to:

  • twenty four  counts of fraud by dishonestly causing a detriment between May 2009 and December 2012 to the value of nearly $10million to a number of clients of Sherwin Financial Planners; and
  • one count of breaching his duties as a director of Wickham Securities between June 2010 and October 2010 by falsely reporting nearly $4.5m of loans made by Wickham had been repaid. 

Date: 14/11/2017
Link: http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2017-releases/17-385mr-former-principal-of-sherwin-financial-planners-sentenced-to-10-years-imprisonment-for-fraud/

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