Australian financial planner pleads guilty to A$1m scam

Pedro Gonçalves
clock • 2 min read

An Adelaide accountant and financial planner has pleaded guilty to a fraudulent scheme that fleeced investors out of about A$1m. George John Nowak, director of EJ Property Developments, formerly Charterhill, faced the District Court where it was alleged he used the money to prop up his business and pay personal expenses including his own house mortgage, credit card debts and travel expenses. "Charges laid against Nowak concern the misappropriation of A$1.2m in SMSF monies by not holding...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?