Sydney mortgage broker banned for fraud

ASIC has completely banned former Sydney-based mortgage dealer Aleksandra Frizzell following fraud convictions.

Frizzell was a mortgage dealer, accredited with Beagle Finance Pty Ltd between 2013 and 2017 and Supra Monetary Pty Ltd between 2017 and 2018.

Between 2015 and 2019, Frizzell dishonestly obtained funds from an worker, shoppers and other people buying items on Fb Market.

Frizzell was convicted of 17 counts of dishonestly acquiring a monetary benefit by deception, three counts of coping with id info to commit and indictable offence, and one rely of dishonestly acquiring property by deception within the Newcastle Native Courtroom and was sentenced to 4 years’ imprisonment.

Inside Aleksandra Frizzell’s ban

Underneath the Firms Act and the Nationwide Client Credit score Safety Act, ASIC could completely ban an individual from the monetary companies and credit score industries if they’re convicted of fraud.

Consequently, primarily based on her convictions, Frizzell has been banned completely.

The ban prohibits Frizzell from:

offering any monetary companies or participating in any credit score actions,
controlling an entity that carries on a monetary companies enterprise or engages in credit score actions, and
performing any operate for an entity carrying on a monetary companies enterprise or participating in credit score actions, together with as an officer, supervisor, worker or contractor.

 Frizzell’s ban took impact on July 15, 2024.

Frizzell has the appropriate to use to the Administrative Appeals Tribunal for a assessment of ASIC’s determination.