On 10 July 2019, ASIC’s case against James Gibbs came to a close and he was sentenced to 10 years imprisonment, with a non-parole period of seven years to serve.
James Gibbs stole $4.88 million from his clients when he was acting as their financial adviser. His clients trusted him with their savings, with their money to be used for their retirements, and he devastatingly broke that trust by using that money for his own purposes.
In this episode, we hear from Dallas, one of Mr Gibbs' victims who helped build ASIC's case, as well as ASIC investigator, Chris Rowe.
Read ASIC media release's for more information: 19-179MR Former Adelaide financial adviser sentenced to 10 years imprisonment
Episode 65: Crypto-assets for first time investors
Episode 64: Markets enforcement outcomes
Episode 63: ASIC enforcement update July to December 2020
Episode 62: Corporate governance enforcement outcomes
Episode 61: Risky business: land banking property investment schemes
Episode 60: Holes in the safety net: A review of TPD insurance claims
Episode 58: Oversight of non-financial risk
Episode 57: Are car insurance investigations treating consumers fairly?
Episode 56: ASIC's case against former director Bradley Silver
Episode 55: ASIC enforcement outcomes, January to June 2019
Episode 54: The future of financial services
Episode 53: Creating Shared Value
Episode 52: The regulatory toolkit
Episode 50: Balancing consumer choice and protection
Episode 49: ASIC's case against hacker Steven Oakes
Episode 48: International standard setting for insurance supervisors
Episode 47: The power of a ponzi scheme
Episode 46: ASIC enforcement update July to December 2018
Episode 45: Product intervention powers and design and distribution obligations
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