Wednesday, 20 August 2008

Man jailed for stealing investors' money

A man who fleeced almost $127,000 from family and friends by stealing money they had given him for investments has been jailed.

Scott James Dawson, 34, of Greenslopes in Brisbane's south, was sentenced in the Brisbane District Court to three and a half years' jail after pleading guilty to eight charges.

These were seven counts of dishonestly causing detriment and one count of uttering a forged document.

The court was told Dawson, a former director and secretary with Dawson and Dawson Risk Management, stole almost $127,000 from six clients between February 2002 and July 2004.

He had encouraged clients, family and friends to invest in shares, managed investments and superannuation funds.

However, instead of investing the money, Dawson transferred the funds into his own accounts and used the money for personal expenses.

Dawson has since repaid the stolen money.

He will serve 10 months of his sentence before being released on a five year good behaviour bond.

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