A former financial adviser who police allege ripped off an 86-year-old woman and other clients to the tune of more than $3 million will appear in court today.
Police say that in March last year, officers from North Shore Police Area Command received reports of an alleged fraud committed against an 86-year-old woman.
“As part of their investigations, police received information about other alleged victims,” NSW Police said in a statement.
“Following extensive inquiries, detectives arrested a 42-year-old man.
“He was charged with knowingly deal with proceeds of crime intent to conceal and 18 counts of dishonestly obtain financial advantage by deception.”
Police will allege in court that the man, who was employed as a financial adviser at a Sydney CBD business, defrauded clients of just under $3.3 million between May 2017 and March 2020.
The Artarmon man was granted conditional bail to appear at Hornsby Local Court today.
