Ms Yat Nam (April) Yuen, of Sydney, New South Wales, has been charged with aiding and abetting former stockbroking firm BBY Limited (BBY) to engage in dishonest conduct in relation to a financial service.
Ms Yuen, who held various roles at BBY including Manager Strategy, is charged with two offences contrary to sections 1041G(1) and 1311 of the Corporations Act 2001 (Cth) and section 11.2 of the Criminal Code (Cth).
ASIC alleges that on about 13 June 2014, Ms Yuen instructed St George Bank, a division of Westpac Banking Corporation, to transfer $6,800,000 of client money out of BBYs Futures client segregated account, a client money account, and then to other accounts.
ASIC alleges these instructions had the intention of funding a margi…
Read the full article at: https://asic.gov.au/about-asic/news-centre/find-a-media-release/2023-releases/23-318mr-former-bby-employee-charged-with-aiding-and-abetting-bby-s-dishonest-conduct