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Munro was charged following an investigation by ASIC and was due to face a three-week criminal trial. “Investors were not aware that their money was being used by Dr Munro in this way and Dr Munro continued to make representations to investors that their money was being invested in TradeStation by falsely reporting on the profits and losses being made by TradeStation,” ASIC said. The charge of aggravated fraud contrary to s408C(2) of the Queensland Criminal Code carried a maximum penalty of twelve years imprisonment. Munro would be sentenced on 30 July, 2021; in the meantime, he was released on bail and was required to report to police daily. ....
Date Time Dr Roger Munro pleads guilty to fraud charges following ASIC investigation Dr Roger Munro has pleaded guilty in the District Court of Queensland to three counts of fraud under s408C of the Queensland Criminal Code. Dr Munro was charged following an investigation by ASIC and was due to face a three-week criminal trial. Dr Munro received funds from investors for a trading fund which he referred to as the TradeStation Futures Trading Fund (TradeStation). Dr Munro did not invest these funds into TradeStation as promised. Instead, Dr Munro dishonestly applied those funds to his own use or the use of another. Investors were not aware that their money was being used by Dr Munro is this way and Dr Munro continued to make representations to investors that their money was being invested in TradeStation by falsely reporting on the profits and losses being made by TradeStation. ....