Unlicensed trader Dr Roger Munro pleads guilty to fraud charges

Munro was charged following an investigation by ASIC and was due to face a three-week criminal trial.
“Investors were not aware that their money was being used by Dr Munro in this way and Dr Munro continued to make representations to investors that their money was being invested in TradeStation by falsely reporting on the profits and losses being made by TradeStation,” ASIC said.
The charge of aggravated fraud contrary to s408C(2) of the Queensland Criminal Code carried a maximum penalty of twelve years imprisonment.
Munro would be sentenced on 30 July, 2021; in the meantime, he was released on bail and was required to report to police daily.

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