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A former Sydney financial adviser has been charged with 20 dishonesty offences alleged to have been committed while he headed Wealth Achievers.
Daniel McSweeny, whose financial services business was based in Parramatta and Mosman, appeared in the Downing Centre Local Court in Sydney on Tuesday.
During his time as the head of Wealth Achievers, Mr McSweeny was the sole director of two trustee companies, Constantia and Prettoria (both in liquidation), that held bank accounts into which his clients’ funds, mostly superannuation savings, were transferred.
ASIC alleges that between 28 March 2011 and 24 December 2012, Mr McSweeny dishonestly transferred or directed others to transfer funds from those bank accounts for the benefit of himself or others.
ASIC also alleges that between 21 and 29 May 2012, Mr McSweeny directed an employee to construct a back-dated statement of advice, which was given to an Australian Financial Services licensee, ACN 055 796 211 Limited (in liquidation), in answer to an investigation it was conducting following a complaint by one of his clients.
The matter was adjourned for further mention on 12 March 2019 at the Downing Centre Local Court.
The Commonwealth Director of Public Prosecutions is prosecuting the matter.