A PERTH stockbroker who provided false reports to clients while racking up losses of $7.5 million has been jailed for four years after a judge noted he had not sought any personal benefit from his failed schemes.
Jonathan Kur, 44, was sentenced in Perth District Court today after pleading guilty to one commonwealth and three state fraud offences.
Judge Allan Fenbury noted that Kur had given himself up to the Australian Securities and Investments Commission when "the game was up'' in 2008.
''(But) it was only a matter of time before the authorities found out what you were doing,'' he said.
Judge Fenbury said Kur had used his position to act dishonestly and deceive his clients and his employer, Hogan and Partners, for more than three years while he was in a position of trust.
"How could anyone be trusted more?'' he said.
However, Kur did not try to gain any financial benefit from the scheme, he said.
Judge Fenbury noted that the enormous loss of money was "obviously devastating'' to the victims and to Kur.
"Your life has been ruined,'' he said.
"It is as bad as it could be. You had everything going for you prior to this.''
Judge Fenbury noted that Kur had pleaded guilty at the earliest opportunity and had paid $200,000 in restitution, which was everything he had.
He also noted that Kur's rehabilitation was "already well under way'' and his chances of re-offending were "minute''.
However, general deterrence was paramount for white-collar crimes, which involved immense financial losses and were hard to detect, Judge Fenbury said.
He sentenced Kur to four years in prison and ordered that he be eligible for parole.
Anda sedang membaca artikel tentang
Stockbroker who lost $7.5m jailed for fraud
Dengan url
https://donyblackedet.blogspot.com/2013/02/stockbroker-who-lost-75m-jailed-for.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stockbroker who lost $7.5m jailed for fraud
namun jangan lupa untuk meletakkan link
Stockbroker who lost $7.5m jailed for fraud
sebagai sumbernya
0 komentar:
Posting Komentar