February 04, 2019 BY Valentina Kirilova

Former financial adviser pleads guilty to $4.88 million client money theft

Australian regulator ASIC has announced that the former Adelaide financial adviser, James Gibbs, has pleaded guilty to theft of $4.88 million. He committed these offences while working as a financial planner and director of James Gibbs Investments Pty Ltd (JGI). James Gibbs stole approximately $4.88 million of funds that he was managing for his clients.…

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