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Former Sydney adviser receives three-year sentence

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. ....

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Term of imprisonment imposed on former Sydney financial adviser

Term of imprisonment imposed on former Sydney financial adviser
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Former Sydney financial adviser pleads guilty to theft and director duties offences

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. ....

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