Posted on: June 29, 2022, 08:45h.
Last updated on: June 29, 2022, 10:00h.
A financial advisor in Australia who was supposed to be helping a client turn her income into life-saving earnings used it instead to feed his alcohol and gambling lifestyle. He’ll go to jail for his crimes, according to The Guardian. But that won’t help the client recuperate the AU$363,000 (US$230,000) she lost.
In 2010, Scott Hines was working at the Mildura branch of advisory firm ANZ as a financial advisor when he met the soon-to-be victim. After learning that the unidentified woman had property and an inheritance of AU$1 million (US$687,600), Hines agreed to help.
He laid out a financial plan to help the single mother, who was struggling to care for her disabled daughter. However, Hines had different plans that would ultimately impact the young girl, suffering from cerebral palsy and epilepsy.
Menace to Others
Hines took $100,000 (US$68,730) from the victim’s account and converted it into cash that he could spend at will. Next, he “borrowed” AU$230,000 (US$158,217) more from her account later that same year. He…
