Australian Financial Adviser Gets 10-Year Ban for $14.8 Million Crypto Scam
TLDR
- Glenda Rogan banned for 10 years by ASIC after transferring at least $14.8 million in client funds to crypto investment scam between March 2022 and June 2023
- Rogan told clients money was going into safe fixed-interest accounts when it was actually being sent to risky cryptocurrency investments
- Funds were transferred to “Financial Centre,” a UK-based platform already on ASIC’s blacklist of untrusted entities
- Rogan worked as authorized representative of Private Wealth Pty Ltd and Fincare group companies during the scheme
- ASIC’s investigation into her conduct remains ongoing and she can appeal the decision
Australian financial adviser Glenda Maree Rogan has received a 10-year ban from providing financial…
