Gold Coast man accused of $800,000 fraud

A former Gold Coast financial adviser and accountant has faced court accused of defrauding clients of an estimated $800,000.

Satvir Singh Birk, 40, appeared in the Southport Magistrates Court on Monday on five counts of fraud following an ASIC investigation.

ASIC alleges Birk, who was released on bail and had his case adjourned to August 1, dishonestly caused a detriment to numerous clients between September 2010 and October 2011.