ASIC has announced that former Commonwealth FP staff member Rebecca Locksley has been banned after an investigation found she had created false documents.
Ms Locksley allegedly engaged in the misleading and deceptive conduct while employed as a support planner to Jade Zaicew, who was banned by ASIC in April 2014.
“Ms Locksley prepared file notes containing fictional conversations between Mr Zaicew and his clients to give the impression that the files were in proper order and that Mr Zaicew had given advice to the clients in accordance with the law,” said a statement from ASIC.
“While Mr Zaicew was suspended from CFPL, Ms Locksley also prepared and backdated around 40 other documents, including records of advice, to give the impression they had been prepared at the time of the client transactions.”
Update added 7 April 2021: The ban against Mr Zaicew has now been lifted.
Well whoever Jade Zaicew was, he was probably a Big writer in order to have an assistant. She probably felt pressure and coercion. Once again name and shame the lowly support person. Who was the FPM in charge? name and shame them and also name and shame the executive in charge. The fish stinks from the head down!
So another fraud has emanated from CBA. A day ending in “Y”.
When I was a lad the CBA (cardigans and all) was a highly honourable organisation.
Steve A. I understand she has committed fraud. Did she do it because that’s what she was trained to do though?? Maybe she needed the job and just did what she was told to do by her senior managers who were paid a lot more than her. Why is the CBA going down the trail and not up?? What about the many regional, state and senior managers that were involved and prospered from the fraud. WHY ARE THEY GETTING OFF SCOTT FREE???
[quote name=”Steve C”]Would appear that CBA is going down the chain of command and not up in trying to solve the problems. How come this girl looses her job and career and the manager in charge gets $5,000,000 bonus? Is ASIC still asleep?[/quote]
Um – because she committed fraud maybe? Just throwing it out there.
What a joke.
The Fraud just keeps on keeping on
I wonder how ASIC were able to prove that? Unless the perps came clean and owned up to the fraud it would be very difficult to prove such a crime.
Would appear that CBA is going down the chain of command and not up in trying to solve the problems. How come this girl looses her job and career and the manager in charge gets $5,000,000 bonus? Is ASIC still asleep?
So, this is actually Fraud. Assuming it is being taken further than a ban?