The Australia Financial Supervision Authority slapped a ten -year ban on a Sydney -based advisor after it was sent the customer’s money to a coding process that was marked as risky. The Australian Securities and Investment Committee (ASIC) says that Glenda Maree Rogan transferred $ 14.8 million (9.6 million dollars) to a platform that has already been set as unlicensed. According to what was reported, customers, family and friends lost when their money disappeared when ASEC called a possible fraud.
The consultant accused of misleading customers
According to ASECRogan put a “fixed account for fixed return” between May 2014 and February 2024. She worked as an accountant and financial advisor at Fincare Companies in Sutherland and Wollongong. But instead of placing the money in safe accounts, multiple transportation has gone to its personal records and the company. Many of these funds are then transferred to Crypto and sent to the financial position, warning the Asic platform “should not be trusted”.
Image: Entrust
Money that is directed through personal accounts
According to the reports, Rogan transferred the money from March 2022 to June 2023. During the 16 -month period, she sent $ 14.8 million to personal accounts and companies before most of them were paid Encryption. Investigators say they should suspect the legitimacy of the platform by October 2022, but it has advanced anyway. Family members and close friends who invested under their advice are now discovered in continuous achievement.
Imposing a 10 -year ban
Asik announced 10 years ban It entered into force on June 6, 2025. Under the ban, RoGan cannot provide or control any financial services company. The organizer said that she is “not an appropriate and appropriate person” and it is possible that the financial services laws are likely to be destroyed. Its license expired on February 8, 2024, and has not been allocated since then. Rogan can appeal the Administrative Review Court, but at the present time, her name sits on the unqualified and unqualified record of ASIC.
A broader encryption campaign
This step comes amid a broader batch against shaded encryption operations in Australia. On June 3, Austra New rules have been launched and laboratory cards for ATMs have been laid to STEM fraud. In April, an inactive encryption exchange was informed of the cancellation of registration or cancellation. In February, Austra took measures against 13 remittances and exchange companies, with more than 50 reviews of potential violations. Organizers explain that unlicensed services will face quickly.
Investors are urged to verify the ASIC record before delivery of money. High promised returns, especially in encryption, should raise red flags. Any person who strikes a supposed “guarantee” may stare in an unorganized scheme. As ASIC continues her inquiries in Rogan, this issue confirms how careful people are when a reliable advisor directs them towards something that looks very good.
Distinctive image from Financeasia, tradingvief chart
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