A total effective sentence of 10 years with a 6-year non-parole period was upheld for systematic financial services fraud involving $5.1 million in losses to 12 vulnerable victims over four years, where the offender was a financial adviser who misappropriated client funds and systematically deceived clients through false reports. The case confirms that the absence of malice and the offender's intention to generate profits for clients do not preclude a finding that the offending is in the high range of objective seriousness where the conduct was deliberate, premeditated, planned and systematic, and involved gross breach of trust.
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