Former ANZ AR convicted
Former authorised representative of ANZ-owned Millenium3, Melinda Scott (also known as Melinda Fletcher), has been convicted of managing a corporation whilst disqualified.
Scott was previously disqualified from managing corporations for 25 years, until 2 December, 2037 and permanently banned from providing any financial services following court orders obtained by ASIC in 2012.
Scott appeared in the Downing Centre Local Court on 14 December, 2021, and was conditionally released on a two year bond with a $1,000 recognizance, under s20(1)(a) of the Crimes Act 1914.
Following an Australian Securities and Investments Commission (ASIC) investigation, it was alleged that between 5 August, 2019 and about 9 February, 2021, Scott:
- Incorporated Driven by Results and acted as the company’s sole director, sole shareholder and sole employee;
- Used Driven by Results to conduct business as a chauffeur driver; and
- Opened and operated three bank accounts held in the name of Driven by Results while listed as the sole signatory.
In 2015, Scott was jailed for three years and 10 months for defrauding over 150 clients over two decades.
The matter was prosecuted by the Commonwealth Director of Public Prosecutions.
AUTHOR
Chris Dastoor
Recommended for you
Equity offerings should be “seriously considered” by advice firms if they want to attract experienced advisers with the option viewed as a major differentiator for candidates seeking their next role.
DASH Technology Group has enacted two internal promotions, appointing a chief risk officer and chief commercial officer to strengthen the firm’s governance and operational capabilities.
The Stockbrokers and Investment Advisers Association has announced the appointment of its new chief executive following the exit of Judith Fox after six years.
Insignia Financial has appointed an experienced financial advice leader as head of education and advice on its Master Trust business, who joins from Ignition Advice,
