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Thursday 31 March 2022

22-074MR Former finance broker fined for fraud

Former used-car finance broker Daniel Wilson has been convicted and fined $1,000 in relation to four charges of obtaining financial advantage by deception.

During 2014, while working at Combined Motor Traders in Cranbourne, Victoria, Mr Wilson submitted loan applications for four customers using false supporting documents that had not been provided to him by the customers.

These 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.

Mr Wilson was sentenced at the Ringwood Magistrates’ Court on 29 March 2022 after pleading guilty to the charges on 15 March 2022.

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

Background

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

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).

On 23 April 2021, Mr Vaughn Thomas Hopkins, also a former finance broker at Combined Motor Traders, was sentenced after pleading guilty to four counts of fraud involving approximately $61,100 (21-083MR)

Last updated: 31/03/2022 10:34