Australian women are facing a 10 -year ban on the operation of a $ 9.6 million coding script
The Australian financial organizer has it duty Ban 10 years on Glinda Mary Rogan. Customer deception was condemned to invest nearly $ 15 million ($ 9.6 million) in a fraudulent encryption scheme. This procedure is part of ASIC’s continuous efforts to combat coding fraud in the financial industry.
Deceptive procedures in the investment plan for encryption
Between March 2022 and June 2023, he persuaded Rogan, while working in Fincare, customers to invest in a high -yielding revenue account. However, instead of securing their money, Rogan has transferred the money to its personal banking accounts and engagement to the company.
Then the money was transferred into an encrypted currency. This money was later transferred to a portfolio linked to an unlicensed trading platform from the United Kingdom, the financial position, which was already listed.
Rogan lied to customers and promised that investment was safe. She did not reveal significant risks in the encrypted currency. She even lied because she was acting within her official ability with Fincare, which added to her credibility. Many customers have been misled and they lost a large amount of money because of this.
Asic takes action against Rug Adviser
ASEC’s investigation showed that Rogan has violated the Australian financial laws. She has made great losses by lying to its customers about the nature and risks of investment. More than 14.8 million temperatures were sent to Cryptocurrency, which later appeared in a fraudulent wallet.
Consequently, Rogan is prohibited from providing financial services for a period of ten years. This ban will begin in June 2025. Also, RoGan is not allowed to be responsible for any financial service companies. This ban aims to protect the population as well as a warning to other players in this sector.
Continuous investigation and a broader suppression
ASEC’s investigation of Rogan’s actions is still ongoing. This is followed by other legal measures taken against individuals involved in coding fraud. For example, ASIC continues a former executive of encryption about the ACX exchange collapse. This collapse led to losses exceeding 58 million degrees.
ASEC intensifies its campaign against coding. In recent years, Austra, Australian Financial Intelligence Agency, has amended the ATM service providers regulations. This will be additional efforts to enhance anti -money laundering measures, as well as granting greater protection to local investors against fraud.
