ASIC has charged a Victorian insurance broker with stealing more than $100,000 from clients and his company.
Following an investigation by the corporate regulator, Robert Wilson was alleged to have stolen $134,000 from clients and insurance financier BMG Finance.
The fraud occurred between February 2004 and December 2005 when he was employed by Mark Prolisko Insurance Agency (MPIA) and Overton Insurance Brokers.
The money was siphoned off through bank accounts following the sale of general insurance products, ASIC said. These bank accounts were controlled by Wilson but withheld from both MPIA and Overton.
ASIC charged Wilson with 47 counts of theft, two counts of making a false document, one count of obtaining property by deception and one count of obtaining financial advantage by deception.
In February 2006, ASIC banned Wilson from providing financial services.
