ASIC has permanently banned Benjamin Fletcher of Helensvale, Queensland, from providing financial and credit services.
Fletcher was banned after having been convicted twice in 2014 for a number of serious fraud-related offences under the Queensland Criminal Code and this ban will be recorded on ASIC’s registers, including ASIC’s register of financial advisers.
Between 2015 and January 2018, Fletcher was an authorised representative of Australian Warranty Network Pty Ltd, the holder of an Australian credit licence, which provides extended warranty insurance for vehicles and asset protection.
The banning came about after ASIC and the QPol collaborated in a joint agency surveillance campaign to identify and remove criminal syndicate and outlaw motorcycle gang members with dishonesty convictions from managing corporations or operating a business under a business name.
As part of this campaign, Fletcher was identified to be a director of Performance Wholesale Cars Pty Ltd and the holder of the business name BF Wholesale.