A NSW woman has been charged with dishonestly obtaining money from SMSFs and dealing with proceeds of crime, ASIC says.
Sarah Busteed appeared in the Downing Centre Local Court charged with three counts of dishonestly obtaining a financial advantage by deception and one count of dealing with more than $100,000 that was the proceeds of crime.
The charges came after ASIC launched an investigation into her conduct in dealing with members of SMSFs, which were undertaking property purchases.
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Busteed is alleged to have dishonestly obtained monies from those SMSFs and, separately, dealt with monies obtained from an SMSF believed to be proceeds of crime, ASIC said in a statement.
Busteed was not required to enter a plea and was granted conditional bail. The matter is listed for return at the same court on April 12.
The Commonwealth Director of Public Prosecutions is prosecuting these matters.
Busteed has also been charged by NSW Police with various other offences involving dishonestly obtaining financial advantage, and those matters are being prosecuted by the NSW Director of Public Prosecutions.