The former advisor pleads guilty in theft of $ 1 million in customers

Anthony Paul Torre appeared in the District Court of Western Australia on January 28 and pleaded guilty at three points of theft and two fraud points, which led to the assignment of $ 1030,000 to clients.

The offenses were argued from March 2010 to January 2015, which was claimed that Torre had stolen or, intending to deceive, received $ 1.88 million from his clients with his intention to use him in his own benefit.

He had Was first charged with offense on June 17, 2022 And then he did not plead guilty of all the charges on July 13, 2023. The case was then postponed to the lawsuit in January 2025, which planned to last until February 25, 2025.

On January 29, 2025, Torre was detained in custody until the next date of the court on February 7, 2025, and the judgment was established on June 9, 2025.

According to the Criminal Code (Wa), the maximum punishment for each crime of theft is seven years in prison, and for fraud seven years of imprisonment or 10 years, if a person is deceived at the age of 60 years.

The case is prosecuted by the Director of Public Procurement after the investigation and referral of ASIC.