ASIC roundup: fraud, dishonest conduct and misuse of company funds

The Australian Securities & Investments Commission’s latest actions and news, September 16 – 20, 2024.

Mark McCabe pleads guilty to three counts of fraud – September 16, 2024

Former financial services director Mark Francis McCabe has pleaded guilty to three offences of fraud, where he dishonestly obtained financial advantage by deception contrary to s192E(1)(b) of the Crimes Act 1900.

He obtained A$940,350 ($636,102) from eight victims

However,

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in