ASIC Bans Former Adviser Glenda Rogan for 10 Years Over AUD 14.8 Million Crypto Scam Involving Bitcoin

The Australian Securities and Investments Commission (ASIC) has imposed a decade-long ban on former financial adviser Glenda Rogan following a thorough investigation. Between March 2022 and June 2023, Rogan misappropriated over AUD 14.8 million from client portfolios, funneling the funds into a fraudulent cryptocurrency scheme. Her role encompassed accounting and advisory responsibilities within the Fincare group, operating in the Sutherland and Wollongong regions. This enforcement action underscores ASIC’s commitment to safeguarding investor interests and maintaining integrity within the financial services sector, particularly amid rising concerns over crypto-related fraud.