ASIC: man pleads guilty to $260,000 fraud
The Australian Securities and Investments Commission has issued a press release informing the investors that a NSW Central Coast man has pleaded guilty to a $260,000 fraud.
William John Jones, of Blue Haven, appeared before Downing Street Local Court in Sydney on 15 April 2014 and pleaded guilty to two counts of fraudulent misappropriation.
The charges relate to $260,000 that Mr Jones obtained from two investors in 2006 allegedly for the purpose of share trading. Instead he used the money for his own personal benefit.
Mr Jones was charged in January 2014.
Mr Jones’ bail was extended and he is required to appear at the Sydney District Court on 2 May 2014 for a sentencing hearing.
The NSW Commonwealth Director of Public Prosecutions is prosecuting the matter.
Source: ASIC
