NSW woman charged following SMSF dealings

Written by Staff Reporter Thursday, 18 February 2016

A NSW woman has been charged with dishonestly obtaining money from SMSFs and dealing with proceeds of crime, ASIC has said.

In a statement, the regulator said Sarah Busteed has been charged with three counts of dishonestly obtaining a financial advantage by deception and one count of dealing with more than $100,000 that were the proceeds of crime.

Ms Busteed was charged after ASIC held an investigation into her conduct in dealing with members of SMSFs, which were undertaking property purchases.

ASIC alleges Ms Busteed dishonestly obtained monies from those SMSFs and, separately, dealt with monies obtained from an SMSF believed to be proceeds of crime.

Ms Busteed was not required to enter a plea and was granted conditional bail. The matter is listed for return at the Downing Centre Local Court on 12 April. The Commonwealth Director of Public Prosecutions is prosecuting these matters.

Ms Busteed has also been charged with various other offences involving dishonestly obtaining financial advantage by NSW Police and those matters are being prosecuted by the NSW Director of Public Prosecutions.

Add comment


Security code
Refresh

Comments   

 
+6 #1 Craig 2016-02-18 14:37
Looks like she got Busteed.
Quote
 

Straw Poll

Has the budget affected your ability to advise your clients on super
  • Votes: (0%)
  • Votes: (0%)
Total Votes:
First Vote:
Last Vote:

Latest Columns

Latest Comments