ISG director hit with 10-year ban as ASIC probe into $145m collapse continues
The director of collapsed investment group ISG has been banned from financial services for a decade, as ASIC and liquidators continue investigating allegations of destroyed records, falsified documents and the disappearance of $145 million in investor funds.
Ben Godfrey was living a flashy lifestyle with exotic cars before his investment vehicle hit a wall. (Image source: API Magazine)
The director of the failed $145 million ISG Group, which liquidators say destroyed records and falsified documents, has been banned from providing financial services for ten years.
The Australian Securities and Investments Commission (ASIC) banned Ben Godfrey from 31 March, and Australian Property Investor Magazine can report he has not appealed the decision within the 28-day timeframe.
Under the ban, Mr Godfrey is prevented from providing fina…
