Investment planner pleads guilty
Jonathan Graham West has pleaded guilty in the Tauranga District Court to fraud charges laid by the Serious Fraud Office.
West faced five Crimes Act charges of theft by person in a special relationship for his conduct as a director of The Investment Centre Limited and Matrix Futures Limited, which he operated between 1994 and 2013. He pleaded guilty to all five charges.
West offered financial planning advice, implementation of investment strategies and ongoing reporting on investments.
His clients were mainly in the Waikato and the Bay of Plenty and at first saw satisfactory returns from sound business practices. But between 2008 and 2013 West began using clients’ funds on their behalf but outside the agreed terms or using his clients’ money for his own purposes.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[Weekly Wrap] Research shows KiwiSaver is a key issue in the election; GRTV Special looks at what's on offer.](https://goodreturns.publit.io/file/c_fill,w_300,h_200/36b7de93-7b53-4a06-855a-4a8f4009a280.webp)
