A former Adelaide financial adviser has been sentenced for falsifying company books, corporate watchdog ASIC has announced.
Tai Thanh Nguyen, who was formerly an authorised representative of GWM Adviser Services and Interprac Financial Planning, was convicted on two counts of falsifying company books and placed a $1,000 recognisance bond to be of good behaviour for two years, after pleading guilty to the charges in Adelaide Magistrates’ Court.
Nguyen falsified seven documents relating to two of his clients, between February 2010 and December 2018, by forging their signatures and by adding dates to documents.
In sentencing Nguyen, Magistrate Brian Nitschke said, “it is a serious matter to falsify company records” and “the company records… must reflect accurately the truth of the situation.” Nitschke also added that falsifying such records “is a breach of trust of those who you’re engaged to act for.”
On June 24, 2022, Nguyen was charged following an ASIC investigation. Prior to that, in 2019, he was permanently banned by ASIC from providing financial services.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions after a brief and referral from ASIC.
