Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Car finance manager pleads guilty to fraud

handcuffs

handcuffs
staff reporter 1 minute read

Andrew Neville Hodgetts, a former finance manager for the Launceston Motor Group in Tasmania, has pleaded guilty to nine counts of fraud in Launceston Supreme Court.

The Tasmanian court heard that, between 2011 and 2016, while employed as a finance and insurance business manager for Launceston Motor Group, Mr Hodgetts asked colleagues to deposit about $500,000 into his personal bank accounts, which he then labelled as payments for customer loans.

Advertisement
Advertisement

PROMOTED FEATURES


According to the lawyers, he later went on to obtain loans worth more than $660,000 for car purchases that never existed.

In all, the Norwood man was thought to have fraudulently obtained around $1.2 million in loans, and have personally benefitted to the tune of $700,000, which went towards funding holidays and housing renovations, among other living costs.

Sentencing for Mr Hodgetts will be held on Thursday, 5 October.

[Related: ]

Car finance manager pleads guilty to fraud
handcuffs
TheAdviser logo
handcuffs

 

more from the adviser
parliament Responsible lending laws to be scrapped

The federal government has revealed that it will move to overhaul...

Plenti team ta Plenti lists on the ASX

The non-bank lender has commenced trading on the ASX after succes...

fight boxing gloves Brokers maintain low level of AFCA complaints

Over 7,000 complaints relating to home loans were lodged with AFC...

FROM THE WEB