Former finance broker charged with fraud

On 22 March 2021, Mr Daniel Wilson appeared at the Ringwood Magistrates’ Court on four charges of obtaining a financial advantage by deception, contrary to section 82(1) of the Crimes Act 1958 (Vic).

The charges follow an ASIC investigation into Mr Wilson’s conduct between 2013 and 2014, while he was a finance broker at Combined Motor Traders, a Cranbourne used-car dealership.

ASIC alleges Mr Wilson obtained car loans by submitting loan applications for four customers supported by false documents that had not been provided to him by the customers. The loans totalled $56,454.50 and were approved by Esanda, a division of ANZ at that time. Mr Wilson was paid commission based on loans that he arranged.

The maximum penalty for each charge is 2 years’ imprisonment, and the maximum cumulative term is 5 years’ imprisonment.

The matter has been adjourned to 20 May 2021 at the Ringwood Magistrates’ Court for further mention.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions after an investigation and referral of a prosecution brief by ASIC.

Background

On 1 December 2020, Mr Adam Edward Greene, also a former finance broker at Combined Motor Traders, was sentenced after pleading guilty to four counts of fraud involving approximately $85,300 (20-313MR).

Mr Vaughan Thomas Hopkins, also a former finance broker at Combined Motor Traders, has been summoned to appear at the Dandenong Magistrates Court on 1 April 2021 on fraud charges.

In October 2017, ASIC permanently banned Mr Wilson from engaging in credit activities (17-347MR).

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