Former Sydney finance broker Jennifer Mary Farias, the director of Motorcycle Finance & Insurance Pty Ltd, trading as Up N Riding, has been sentenced to a one-year intensive correction order in the NSW Local Court after pleading guilty to three counts of loan fraud which resulted in her receiving more than A$100,000.Farias was also ordered to pay compensation totalling $100,000 to the firm's credit provider for loan funds and commissions paid to her.The Australian Securities & Investments Commission publicised the conviction and sentence.MFI arranged finance for vehicles such as motorcycles, cars and jet skis on behalf of its clients.ASIC said its "investigation revealed that Farias had received $96,270 in loan funds and $10,349.26 in commissions from 'a credit provider' after submitting ten fraudulent loan applications containing false invoices and false information."It said "loan funds totalling $20,000 and commissions totalling $4676 were transferred to other persons after being paid to Farias by the credit provider."ASIC said "the invoices contained false information relied on by the credit provider when approving loans."Farias admitted the relevant loans would not have otherwise satisfied the credit provider's lending policies or would have been subject to more stringent lending policies," ASIC said.?