The Australian Securities & Investments Commission (ASIC) has made two orders permanently banning Matthew Allen Beresford from engaging in financial services and credit activities. ASIC found that Beresford used a false identity and fraudulent bank accounts to set up a business that illegally offered financial advice and services, while the business website falsely claimed company representatives held an Australian Financial Services licence. Investors deposited about AUD 374,000 into various accounts opened by Beresford. Victoria Police initiated criminal charges and, on 27 June 2024, Beresford pleaded guilty in the County Court of Victoria to false document and proceeds of crime offences and was sentenced to 85 days’ imprisonment and a 30-month Community Corrections order; the banning has been recorded on ASIC’s banned and disqualified register.
Australian Securities & Investments Commission 2025-07-23
Australian Securities & Investments Commission permanently bans Matthew Beresford from financial services and credit activities after fraud conviction
The Australian Securities & Investments Commission (ASIC) has permanently banned Matthew Allen Beresford from financial services and credit activities. Beresford used a false identity and fraudulent bank accounts to illegally offer financial advice, falsely claiming to hold an Australian Financial Services licence. Investors deposited approximately AUD 374,000 into accounts he opened. Following criminal charges by Victoria Police, Beresford pleaded guilty to false document and proceeds of crime offences, receiving an 85-day prison sentence and a 30-month Community Corrections order.