A former Sydney financial adviser has been sentenced to three years and two months imprisonment and fined $9,500 for acting dishonestly as a company director and stealing investor funds.
Term of imprisonment imposed on former Sydney financial adviser miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Date Time
Former Sydney financial adviser pleads guilty to theft and director duties offences
Keith James Flowers, formerly known as Nigel Flowers, of Bathurst, New South Wales, has appeared before Downing Street District Court Sydney and pleaded guilty to one charge of acting dishonestly as a company director and one charge of theft.
Mr Flowers was the director of Flowers Financial Group Pty Ltd (in liquidation) and Flowers Financial Management Pty Ltd (in liquidation), which specialised in providing financial advice to the medical profession.
During 2011, Mr Flowers was a registered financial adviser and engaged in a scheme to raise money to fund a proposed IPO by Avior Australia Ltd (Avior). The scheme raised approximately $1.48 million.
Print
The former director of FLowers Financial Group which specialised in providing financial advice services to the medical profession, Keith John Flowers (formerly known as Nigel Flowers) has pleaded guilty to one charge of acting dishonestly as a company director and one charge of theft and faces sentencing in the New Year.
The Australian Securities and Investments Commission (ASIC) has issued a statement announcing that Flowers was the director of Flowers Financial Group Pty Ltd (in liquidation) and Flowers Financial Management Pty Ltd (in liquidation), which specialised in providing financial advice to the medical profession.
It said that during 2011, Flowers was a registered financial adviser and engaged in a scheme to raise money to fund a proposed initial public offering (IPO) by Avior Australia Ltd (Avior). The scheme raised approximately $1.48 million.