Australian woman faces 10-year ban over $9.6m crypto scam
As part of a broader global crackdown on crypto-related fraud, Australia’s financial regulator has issued a major penalty over a fraudulent 15 million AUD digital asset scheme.
The Australian Securities and Investments Commission (ASIC) has banned a former financial adviser, Glenda Maree Rogan, from providing financial services for ten years after she was found guilty of misleading clients into investing nearly AUD 15 million ($9.6 million) in a crypto scam.
Between March 2022 and June 2023, Rogan deceitfully convinced her clients to invest in what she described as a “high-yield fixed-interest account.” However, in reality, the funds were transferred to her personal and company-controlled bank accounts,…
