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.

Man arrested after allegedly posing as broker

handcuffs arrested ta

handcuffs arrested ta
Reporter 1 minute read

A Victorian man that had failed to appear in court for allegedly posing as an insurance representative or broker has been arrested.

The Australia Securities & Investment Commission (ASIC) revealed that the Victoria-based man, Samuel Tessa, was expected to appear in the Melbourne Magistrates Court on 18 December 2017 to answer allegations of fraud, but he failed to appear.

A warrant was then issued for his arrest.

Mr Tessa was arrested on 26 December at Melbourne Airport, upon his return to the country.

He was charged with five counts of dishonestly obtaining a financial advantage by deception.

According to ASIC, the charges follow an investigation into his dealings with individuals and businesses in the Melbourne automotive repair industry.

It is alleged that Mr Tessa purported to act as an insurance representative or broker and “dishonestly obtained money from these individuals or businesses on the pretence that payments were required for insurance premiums”.

Further details from the investigation have not yet been released.

Advertisement
Advertisement

The charges of dishonestly obtaining a financial advantage by deception contrary to section 82 of the Crimes Act 1958 (Vic) each carry a maximum penalty of 10 years’ imprisonment.

Mr Tessa has been bailed to reappear at the Melbourne Magistrates Court on 29 March 2018. 

The Commonwealth Director of Public Prosecutions is prosecuting the matter.

[Related: Broker jailed for $170m mortgage fraud]

 

PROMOTED FEATURES


Man arrested after allegedly posing as broker
handcuffs arrested ta
TheAdviser logo
handcuffs arrested ta

 

more from the adviser
house coins ta Aussie reports record spike in pre-approvals

The major brokerage has reported a record increase in home loan p...

Money jar Facebook launches SME grants program

The social media giant has commenced processing applications for ...

uptick Aggregator reports surge in settlements

Purple Circle Financial Services has reported a record increase i...

FROM THE WEB