Brett Andrew Gordon accused of withdrawing from super funds of six clients
Brett Andrew Gordon accused of withdrawing from super funds of six clients

Financial adviser charged over $1m client scam

A former financial adviser on the Sunshine Coast has been charged with 10 counts of fraud related to the alleged misappropriation of nearly $1m of his clients' funds.

Brett Andrew Gordon, who previously operated now-defunct Refocus Financial Group and Diverse Capital Management at Maroochydore, allegedly withdrew $502,000 from the super funds of six clients between 2015 and 2017.

ASIC also claims Gordon redirected $473,600 from super clients who invested in a Diverse property development to settle personal debts and expenses, as well as Refocus expenses from 2016 to 2018.

Both companies collapsed in 2018, with Refocus going down at ASIC's behest owing nearly $930,000 to 17 unsecured creditors.

Creditors chasing $2m appointed liquidators to Diverse, which acted as a speculative home builder.

Gordon, who launched Refocus seven years ago, could not be reached for comment on Monday.

He has not yet entered a plea in the case, which returns to Maroochydore Magistrates Court on September 25.

Originally published as Financial adviser charged over $1m client scam



‘Gutless”: Judge blasts youth gang violence

Premium Content ‘Gutless”: Judge blasts youth gang violence

A Children’s Court judge has told a teenager he will serve time in an adult jail...

How Olympics could slip through our fingers

Premium Content How Olympics could slip through our fingers

“Our battle-worn state needs the job bonanza that would come."

No sex please, we’re the state LNP

Premium Content No sex please, we’re the state LNP

Some have suggested it’s part of a new ethics drive by Crisafulli