Post: Former financial advisor Ashley Grant Howard convicted for fraud

Ashley Grant Howard, of Hobart, Tasmania has been convicted, after pleading guilty before the Downing Centre Local Court, to two charges of using false documents to obtain a financial advantage or cause a financial disadvantage.

Between July 2013 and April 2014, Mr Howard used false off market transfer forms to transfer shares in GPS Alliance Holdings Limited, BHP Billiton Limited and Aquarius Platinum Limited to himself and an associate. The transfers occurred without the knowledge or authority of the 14 owners of the shares.

Mr Howard was sentenced to a 12-month community corrections order.

Magistrate Covington remarked upon sentencing that Mr Howard was in a position of trust as a financial planner when he used the false documents and that his offending had a degree of sophistication.

The Commonwealth Director of Public Prosecutions prosecuted the matter after a referral from ASIC.

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