Jail for giant swindle
A former financial planner who swindled more than $2 million from his clients has been jailed.
Melbourne man Grant Taylor has been jailed for five years and nine months after he admitted to obtaining property and financial advantage by deception over the course of eight years.
The 67-year-old presented himself as a licensed adviser when he was not, and swindled his clients' money through his financial planning business TFG Advice Solutions.
County Court Judge Howard Mason labelled his offending calculated, planned and cruel.
“People believed in your goodness,” the judge said.
“You held yourself out to be someone they could trust.
“They believed you because of your profile, standing and experience.”
Taylor will have to serve three years and six months in jail before being eligible for release on parole.
He has been permanently banned from providing financial services by the Australian Securities and Investments Commission (ASIC).