Appearing in the Sydney District Court, Mr Veitch, formerly of Minto, New South Wales, pleaded guilty to 22 counts of using a false instrument.

Mr Veitch was an authorised representative of WealthSure Pty Ltd from 14 December 2005 to 23 February 2010. During this time, Mr Veitch admitted to:

21 counts of using false withdrawal requests to cause the fraudulent transfer of approximately $500,000 from seven clients’ accounts without their knowledge or authority for his own purposes, and
one count of providing a client with a false portfolio statement causing the client to believe that $300,000 was still in their account when in fact it was not.

These charges follow ASIC’s investigation into Mr Veitch’s former role as a financial adviser.

The matter will return to the Sydney District Court on 8 November 2013, with conditional bail to continue.

The Commonwealth Director of Public Prosecutions is prosecuting this matter.

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