Planner charged for fraudulent WAW vote
The Australian Securities and Investments Commission (ASIC) has charged Victorian financial planner, Neil John Evans, for fraudulently voting in the director elections for WAW Credit Union Co-Operative Limited.
An ASIC investigation found that Evans misused the details of 499 WAW members to gain access to the online voting portals and cast ballots in the November 2015 election for two candidates. One candidate was subsequently improperly elected.
ASIC alleged the planner sourced those details from a list of WAW customers that he had obtained to market his financial planning services.
Evans was charged with one count of causing unauthorised modification to data held in a computer, an offence which carries a maximum penalty. of 10 years imprisonment.
The matter was listed for a plea hearing in July this year.
AUTHOR
Anastasia Santoreneos
Recommended for you
The Reserve Bank of Australia (RBA) has lowered rates to a level not seen since mid-2023.
Financial Services Minister Stephen Jones has shared further details on the second tranche of the Delivering Better Financial Outcomes reforms including modernising best interests duty and reforming Statements of Advice.
The Federal Court has found a company director guilty of operating unregistered managed investment schemes and carrying on a financial services business without holding an AFSL.
The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.
