Pusey banned from working as mortgage broker after filing false financial statements

The Melbourne mortgage broker who filmed and mocked police officers as they lay dying at a crash scene has been banned from providing financial services or engaging in credit activities.

Richard Pusey, 43, has been hit with a 10-year ban from the Australia Securities and Investments Commission (ASIC), which claims Pusey is not "of good character" and "has no regard for the law".

In a statement, ASIC revealed the commission "was satisfied" Pusey had submitted seven false statements between 2011 and 2017.

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The statement also says ASIC was satisfied Pusey lacked "the attributes of good character, honesty and judgement" and could not be relied upon to comply with authorities' direction.

It further deems Pusey "likely to contravene" credit and financial services legislation and "not a fit and proper person to participate in the financial services and credit industries".

The ban came into effect on August 6.

Pusey is the director of ISwitchNow Pty Ltd and was previously an authorised representative of Australian Life Insurance Distribution Pty Ltd.

The Porsche driver was jailed in April after being convicted of outraging public decency – an Australian first – for "callously" filming and taunting four officers who had been hit by a truck on April 22 last year.

A magistrate will decide whether to release Pusey from prison on Wednesday.

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