Former financial advisor, Anthony Paul Torre, has pleaded guilty to three counts of stealing and two counts of fraud resulting in the misappropriation of $1,030,000 of client funds.

Mr Torre appeared before the District Court of Western Australia on 28 January 2025 in relation to the offences committed between March 2010 to January 2015.

Under the Criminal Code (WA), the maximum penalty for each offence of stealing is seven years imprisonment, and for fraud seven years imprisonment or ten years if the person deceived is aged over 60 years.

On 29 January 2025, Mr Torre was remanded in custody until the next court date on 7 February 2025.

A sentence hearing has been set for 9 June 2025.

The matter is being prosecuted by the Office of the Director of Public Prosecutions (Cth) following an investigation and referral by ASIC.

Background

• Anthony Paul Torre was charged in June 2022 with five counts of stealing and eight counts of fraud pursuant to sections 378 and 409 of the Criminal Code (WA) (22-151MR).
• It was alleged that between March 2010 and January 2015, Mr Torre stole, or with intent to defraud obtained, approximately $1.882 million from his clients.
• It was alleged that Mr Torre used funds from his clients’ accounts for his own benefit.
• The matter was set for trial from 28 January 2025 to 27 February 2025.