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Banned director jailed for contempt
Financial Standard
|July 14, 2025
A former company director has received a prison sentence after he was found to have continued to run a financial services business despite having been banned from doing so.
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In 2018, Joshua Fuoco was found to have engaged in misleading and deceptive conduct and unconscionable conduct, and to have broken financial services laws. His business was offering cash to vulnerable clients in exchange for sizeable commissions from insurance policies the clients did not want or need but that he forced them to take out in order to access the cash. Those policies were funded via their superannuation accounts, significantly eroding their balan
Diese Geschichte stammt aus der July 14, 2025-Ausgabe von Financial Standard.
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