Following an ASIC investigation, Mr Anthony Vivian Dick, a former financial adviser based in Townsville has been charged with eleven counts of dishonestly applying to his own use property belonging to another, contrary to section 408C(1)(a) of the Criminal Code Act 1899 (Queensland).

Due to changes to the Criminal Code during the period of offending, the charges carry various maximum penalties of between ten to fourteen years’ imprisonment.

ASIC alleges that between March 2006 and December 2017, Mr Dick accessed and transferred around $1.1 million from his clients’ superannuation, pension and personal savings accounts. It is alleged that Mr Dick used his clients’ savings to fund his personal lifestyle expenses.

Mr Dick appeared at the first mention of the matter at Townsville Magistrates Court on 10 February 2020.

The Court granted bail to Mr Dick and made an order that he surrender his passport.

The matter will next come before the Court on 11 May 2020.

This matter is being prosecuted by the Commonwealth Director of Public Prosecutions following a referral of a brief of evidence from ASIC.