Far out Friday: Bank hands out $720k home loan to conwoman with fake docs

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The Australian arm of a global bank handed out a $720,000 home loan without seeing the applicant's driver's licence or checking other documents - which turned out to be fakes - according to News Ltd.

HSBC made the loan to conwoman Rose Marie Lo-Giudice so she could buy a property in Gladesville, Sydney, after she provided a copy of an expired passport, fake payslips and a false deposit certificate from another bank.

The 41-year-old mother has been sentenced to three-and-a-half years' jail after pleading guilty to two charges of dishonestly obtaining financial advantage by deception and one of using a false document by deception.

When Lo-Giudice applied for the ‘Premier Residential’ loan she told a mortgage specialist she had ‘left her wallet at work’.

The staffer told her she could bring her identification in at a later date.

Two weeks later, Lo-Giudice returned to the bank with a certified copy of an expired passport, which had been altered to look valid. She also provided a fake Bendigo Bank term deposit certificate and doctored pay slips from her employer, Allianz Australia.

Lo-Giudice provided the bank with a contract for the sale of the property and HSBC issued a letter of offer to her for the loan, which she signed on December 14, 2010. She defaulted on the mortgage four months later.

A "subsequent investigation" revealed the documents supplied by Lo-Giudice were fraudulent. The Bendigo Bank account number had never existed and the payslips were fake.

 

 

  • Martin on 6/02/2014 10:43:27 PM

    TANYA?

  • Old joe on 4/02/2014 9:31:52 AM

    what do you mean it does not affect us , of course this does. and also if the issue went to court it will be in the public domain , address details and all. How dare you accuse us of minding our own business. This is a clear fraud and again it proves you need to site original documentation no exceptions. also if the person has previously been incarcerated from a similar conviction I suppose a gaol term longer should be the way to show how delicate and important our financial system is with something that involves us all. If anyone ever does not want their family involved in the spotlight maybe they should think of what they are doing the first place before they go out and test our legal system.

  • Broker AKA on 3/02/2014 10:28:56 PM


    Unfortunately I know these people yes she been in the slammer before for the exact same thing with another large bank. There whole family are crooks. .Greed Greed Greed... Husband should be locked up as well he was in on it. Uneducated scum!!!!.

  • Fi96 on 11/07/2013 11:17:02 AM

    I do agree, it is foolish to put someone's personal address online. It is nobody else's business and this woman and her family will have to live with these consequences.

  • Anonymous on 10/07/2013 9:43:19 PM

    To the anonymous person that has written a comment on this story , you need to remember that she has kids that go to school in the area .
    And you need to mind you own business .
    And get a life as this does not affect you

  • annonymous on 28/05/2013 1:33:23 PM

    This is not the first time this woman has been jailed for fraud. The house she bought at 19 Orient st Gladesville is in my neighbourhood and talk in the area is that she spent 12 months behind bars prior to this conviction.
    Some people will never learn, allthough, her husband must have had some influence on this matter.

  • mortgage road warrior on 18/01/2013 2:32:50 PM

    near enoughs good enough in branch land . They are no where near under the same compliance regime as Brokers . But as a Broker , I'm more than happy for the Banks to keep employing half arsed, 20 year old , inexperienced Personal Bankers . It makes my role very easy

  • sidbroker on 18/01/2013 11:58:46 AM

    I don`t get this one. Why would this woman do this to get the loan knowing she would default. That just defies logic. I wonder if she would have gotten away with this application had she gone through a broker. I would suspect not. Had she gone through a broker in the first place and been told to wake up to herself she would not be going to jail. Brokers should be used at all times by the public it would seem!!!

  • Compliance on 18/01/2013 9:45:14 AM

    This is why all Brokers MUST sight the original of ALL documents that support the application. This for your own protection

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