12-285MR Former Hogan and Partners stockbroker pleads guilty to charges in Perth
Thursday 15 November 2012
Former Hogan and Partners stockbroker, Mr Jonathan Kur, appeared in the Perth District Court today on charges relating to fraudulent activity involving more than $7 million.
Mr Kur was charged with fraud and dishonest use of position following an ASIC investigation.
Mr Kur pleaded guilty to three charges of fraud with a total value of $7,749,106.00. The charges relate to Mr Kur’s conduct as an authorised representative of Perth-based stockbrokers, Hogan and Partners Stockbrokers Pty Ltd (Hogan and Partners) and his advice in relation to options trading and dealing in options trading for a number of clients based in Botswana. ASIC alleged that between May 2005 and December 2008, Mr Kur intentionally hid trading losses he accumulated on three overseas client accounts.
Mr Kur pleaded guilty when he first appeared in November 2011 in the Perth Magistrates’ Court to one charge of dishonestly using his position as an employee of Hogan and Partners. Mr Kur initially pleaded not guilty to 16 fraud charges (refer 11-252AD).
Mr Kur has been placed on continuing bail to reappear in the Perth District Court on 19 February 2013 for sentencing.
The Commonwealth Director of Public Prosecutions is prosecuting the matter.
In 2009, ASIC permanently banned Mr Kur from providing financial services (refer 09-120AD).
On 19 February 2013 following sentencing submissions, Mr Kur was remanded in custody and will be sentenced on 21 February 2013.