The Australian Securities & Investments Commission published an update that former company director Trent Bowden pleaded guilty in the Perth Magistrates Court to three charges of dishonestly using his position as director of Trent Bowden Trading Pty Ltd to gain an advantage for himself. The case concerns alleged misuse of investor money that had been raised on the basis it would be invested, primarily through foreign exchange trading. According to the update, between 13 March 2019 and 1 November 2023 Bowden, through Trent Bowden Trading Pty Ltd, received more than AUD 1.5 million from investors. Instead of using the funds for trading, he used them for personal expenses, payments to other investors and other non-trading purposes. The offences were brought under section 184(2)(a) of the Corporations Act 2001 (Cth), with a maximum penalty of 15 years' imprisonment for each offence. The matter is being prosecuted by the Office of the Director of Public Prosecutions (Cth). It is next listed before the Perth District Court on 21 August 2026 for a sentence mention date.
Australian Securities & Investments Commission2026-06-29
Australian Securities & Investments Commission says former director pleads guilty to three dishonesty charges over AUD 1.5 million in investor funds
The Australian Securities & Investments Commission said former director Trent Bowden pleaded guilty to three charges of dishonestly using his position at Trent Bowden Trading Pty Ltd for personal advantage. The case relates to more than AUD 1.5 million raised from investors for purported foreign exchange trading and allegedly diverted to personal expenses, payments to other investors and other non-trading purposes. Sentencing proceedings are next listed in the Perth District Court on 21 August 2026.