Gavin Fineff was motivated by his gambling addiction when he defrauded a dozen clients between October 2016 and March 2020.
Financial planner Gavin Fineff “had the world at his feet” before he gambled away more than $3.3 million of his clients’ money, motivated by addiction, a judge has said as he jailed the 44-year-old for a maximum of nine years.
The judge was satisfied Fineff’s motive for the sophisticated and long-running mismanagement of funds was his gambling addiction.“That was before he committed serious offences of dishonesty,” O’Brien said.According to the agreed facts, Fineff began working for financial planning and investment business Sentinel Wealth Management, in Sydney’s CBD, in 2010. By July 2019, he had a salary package of $160,000 plus performance bonuses, which he “often achieved”, of about $15,000.
Fineff’s victims ranged in age from their 30s to their 80s. Many were elderly, including one woman who died from breast cancer in 2021. “To the extent this conduct of providing incentives to VIP customers is typical of the approach taken by gambling companies, then in my opinion, it warrants review, by both the industry itself, and those charged with the responsibility of regulating it.”
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