Former WA adviser extradited from NZ | Australian Markets

The Australian Securities and Investments Commission (ASIC) secured the extradition from New Zealand of a former financial adviser on costs relationship back to 2009 involving alleged misappropriation of roughly $4.1 million belonging to 13 shoppers.

ASIC mentioned Marion Pearson was efficiently extradited from New Zealand by Australian authorities after a number of years of appeals in opposition to her extradition. New Zealand’s Supreme Court ruled in opposition to Ms Pearson’s last appeal in opposition to her extradition in May this 12 months.

Pearson appeared earlier than the Magistrates Court on 21 August 2025 in relation to the 136 counts of stealing allegedly dedicated between 6 January 2009 and 25 October 2013.

Under part 378 of the Criminal Code (WA), the utmost penalty for every offence of stealing is ten years imprisonment if the property has been acquired by the offender with a energy of lawyer for the disposition thereof.

Pearson was remanded in custody till the subsequent court docket date at Stirling Gardens Magistrates Court on 1 October 2025.

The matter is being prosecuted by the Office of the Director of Public Prosecutions (Cth) following an investigation and referral by ASIC.

ASIC mentioned that in J uly 2014, quickly after the graduation of ASIC’s investigation, Ms Pearson returned to New Zealand the place she remained till her extradition. ASIC continued its investigation whereas Ms Pearson resided in New Zealand.

In November 2015, Ms Pearson was completely banned from offering financial providers in Australia by ASIC.

In December 2018, an arrest warrant was issued for Ms Pearson in respect of 136 counts of stealing pursuant to s378 of the Criminal Code (WA).