CFS Private Wealth director Graeme Walter Miller back in court for alleged super scam
High profile Sydneysiders are among the victims of disgraced financial services director of CFS Private Wealth Graeme Walter Miller.
Central Sydney
Don't miss out on the headlines from Central Sydney. Followed categories will be added to My News.
High profile Sydneysiders are among the victims of disgraced financial services director of CFS Private Wealth Graeme Walter Miller.
Miller, an industry veteran who lives in Myocum, allegedly kept almost $2 million of client money he was meant to be investing into their self managed superannuation funds between July 2013 and March 2017.
The case was back at Downing Centre Local Court today where it was briefly mentioned and adjourned until April 14 while logistics of getting the Northern Rivers based defendant, who is an eight hour drive from the Sydney court, to appear during the coronavirus lockdown are ironed out.
The names of his well known victims are expected to be revealed the next time the case comes before court.
Both Miller’s companies, CFS Private Wealth and Combined Financial Solutions, were wound up last year by the Federal Court and he was banned from providing financial services for 25 years and disqualified from managing corporations for three years following an Australian Securities and Investments Commission investigation into his activities.
He is now facing 12 criminal charges of engaging in dishonest conduct in the course of carrying on a financial services business after ASIC referred the matter to the Director of Public Prosecutions.
Defence barrister Nick Hanna told Magistrate Michael Crompton he would arrange for his client, who was not present, to appear via an audio visual link from nearby Lismore Local Court.
“It will not be possible for my client to attend Sydney during this (coronavirus) crisis,” Mr Hanna said.
“The situation is that a case conference was held. It was successful and there is an agreement in relation to the charges.
“However, due to the COVID-19 crisis it has been impossible to gain instructions from my client.”
Magistrate Crompton agreed to the adjournment and that Miller be allowed appear virtually at his next court date.