Brett Paul Trevillian, a director at Metal Alpha Pty Ltd, was arrested for allegedly fabricating portfolio performance verification reports while serving as the investment manager at AlphaThorn Pty Ltd and has admitted to the offenses.
It is reported that between April 2019 and October 2019, Trevillian forged four reports on the portfolio performance verification of two investment products under AlphaThorn Pty Ltd - the "Secured Service Product" and the "Enhanced Service Product". These forged reports were used to deceive potential investors by falsely claiming AlphaThorn had a history of investment returns.
On May 7, 2024, Trevillian admitted to two charges of making false documents at the Downing Centre Local Court, one relating to the report of "Secured Service Product" and the other to the "Enhanced Service Product".
The case is slated for a further hearing at the Sydney Local Court on June 7, 2024, where a date for the trial hearing will be set. The Australian Securities and Investments Commission (ASIC) has referred the case to the Commonwealth Director of Public Prosecutions for handling.
Case Background:
- According to Section 253 of the New South Wales Crimes Act 1900, the maximum penalty for making a false document to obtain financial advantage is 10 years' imprisonment.
- AlphaThorn has since been renamed Trading Life Services Pty Ltd.
- Trevillian was arrested by the New South Wales Police on July 20, 2023.
