A third former used-car finance broker who worked at Combined Motor Traders in Cranbourne, Victoria has been convicted and fined on fraud charges.
Daniel Wilson has been convicted and fined $1,000 in relation to four charges of obtaining financial advantage by deception.
He was sentenced at the Ringwood Magistrates’ Court on March 29, 2022 after pleading guilty to the charges on March 15, 2022.
During 2014, while working at Combined Motor Traders in Cranbourne, Victoria, 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. Wilson was paid commission based on loans that he arranged.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions after an investigation and referral of a prosecution brief by ASIC. In October 2017, ASIC permanently banned Wilson from engaging in credit activities.
It’s the third fraud conviction of staff employed Victorian motor trader.
On December 1, 2020, 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.
On April 23, 2021, 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.
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