A former St. John’s investment advisor accused of stealing almost $800,000 from six elderly clients had her case called in provincial court this morning.
The Crown says it will proceed by indictment against 53-year-old Joan McCarthy. That’s the more serious avenue that comes with stiffer sentences.
McCarthy did not appear in court this morning but was represented by lawyer John Duggan who insisted a designation has been filed with the court, which excuses McCarthy from having to appear in person at this time—although neither the Crown nor the court could find a copy of the required document.
Nonetheless, Judge Jacqueline Brazil said she’d take Duggan’s word that the designation had, in fact, been filed.
McCarthy faces two dozen charges linked to allegations that she stole almost $800,000 from elderly clients while she was a financial advisor with MD Management at its St. John’s branch. The offences are alleged to have occurred between 2006 and 2019.
The case returns to court in September for election and plea.
She’s also facing a disciplinary hearing before the Investment Industry Regulatory Organization of Canada on Thursday.
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