The sole director of mortgage broking business Asset Finance will face criminal charges in a Sydney local court after allegedly embezzling $123,442 from an investor.
ASIC alleges that Adrian Camilleri did not return money owed to an investor which was needed to repay their principal investment.
It has charged Camilleri with fraudulently misappropriating an investor's money.
Asset Finance secures its capital for loans from private investors. The matter will be heard on December 18 in Sydney's Downing Centre Local Court.
