On 28 August 2020, formerly Get Approved Finance broker, Mr Eric-John Larry Pryor appeared before the Perth Magistrates Court and was charged with twelve offences including five counts of giving false and misleading information, two counts of forgery, two counts of uttering a forged record, two counts of fraud and one count of inducing a debtor to make a false or misleading declaration.
The charges relate to four motor vehicle finance contracts brokered by Mr. Pryor between January 2013 and February 2013. The matter was adjourned to 9 October 2020.
In July 2015, ASIC permanently banned Mr Pryor and a former Get Approved Finance colleague from engaging in credit activities and providing financial services.
At the time of the conduct, Get Approved Finance was the trading name and operated under the Australian credit license of West Australian-based finance broker Jeremy (WA) Pty Ltd. The company was deregistered in September 2017.
A number of other former Get Approved Finance brokers were banned by ASIC from both the credit and financial services industry. In October 2015, ANZ agreed to compensate more than 70 borrowers for car loans organized by Get Approved Finance
The Commonwealth Director of Public Prosecutions is prosecuting the matter.
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