A financial planner is accused of pocketing more than $9million after allegedly robbing dozens of people of their pensions in a ‘heartless’ plot
- A 49-year-old Victorian was arrested at Melbourne Airport on Tuesday evening
- He was charged with 35 counts of obtaining financial advantage by deception
- He reportedly operated as an unlicensed financial adviser from 2014 to 2018
Charges have been laid after more than $9million in pensions were allegedly defrauded from dozens of Victorians.
A 49-year-old man was arrested at Melbourne Airport on Tuesday evening and later charged with 35 counts of obtaining financial advantage by deception.
At least 34 vulnerable victims were tricked into investing their pensions with him – amounting to at least $9,094,405 – before he fled the country in 2019, police said.
At least 34 vulnerable victims have been tricked into investing their pensions with a man arrested at Melbourne airport. Pictured is an image of a business meeting
The man is believed to have operated as an unlicensed financial adviser in the Brighton area from 2014 to 2018, leading to ‘life changing consequences’.
Detective Inspector Damien Jones said the arrest was a significant outcome for police.
“And one that highlights the malicious nature of fraud and deception offences,” he said.
“Targeting some of the most vulnerable is a heartless offense.
“This type of offense can have life-altering consequences for victims.”
At least $9,094,405 is believed to have been stolen from ‘vulnerable people’ in the alleged fraud in Melbourne. Pictured is Australian currency
Police are investigating whether there are any other potential alleged victims.
Anyone who believes they have been defrauded by the man has been urged to come forward.