300% Returns Promise Ends in More Than 5 Years' Prison for Australian Adviser

Former adviser jailed over $2m SMSF investment scheme

Former financial services director Ashley Arandez has been sentenced to five and a half years imprisonment after admitting to dishonest conduct, operating an unlicensed financial services business and dealing with proceeds of crime tied to $1.97 million in investor funds. The County Court of Victoria sentenced the Hoppers Crossing-based former adviser on May 8, with Arandez to be eligible for parole after serving three years and six months. The …

300% Returns Promise Ends in More Than 5 Years' Prison for Australian Adviser

A former financial services director has been sentenced to 5 years and 6 months in prison after pitching self-managed superannuation fund investors yields of up to 300% on maturity, the Australian Securities and Investments Commission (ASIC) said today (Tuesday)Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)Ashley Arandez, of Hoppers Crossing in Victoria, was sentenced on May 8 in the County Court of Victori…

Former financial services director Ashley Arandez gets prison sentence

Ashley Arandez of Hoppers Crossing in Victoria has been sentenced to 5 years and 6 months imprisonment in the County Court of Victoria. The post Former financial services director Ashley Arandez gets prison sentence appeared first on FX News Group.