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Major bank home loan manager convicted of fraud

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Australian Broker | 27 Feb 2015, 08:39 AM Agree 0
A former major bank home finance manager has been banned from providing financial services after being convicted of fraud
  • Melb Broker | 27 Feb 2015, 02:29 PM Agree 0
    If they investigate home loan officers from the big 4 they would be shocked as to the amount of fraud going on.
    I am unable to secure finance for a very good friend of mine as he does not show the capacity to pay, however he continually obtains finance from his "mate" at CBA.
    Go figure!!
  • CharlieX | 03 Mar 2015, 01:01 AM Agree 0
    if ASIC really wants to clean up the industry, it just needs to start from the closets of the big four.

    it's easy for ASIC to catch the small fish, but does it has guts to catch the bigger fish?
  • Macca | 22 Mar 2015, 10:39 AM Agree 0
    ASIC has no real intention of cleaning up banking in this country I have just finished a second case with a second major lender both were found guilty of Maladministration. That is not just a coincidence that both made a slip of the pen when rewriting the information we had supplied along with adjoining taxation department figures, that is what it is systemic fraud at the highest level being ignored by our highest regulator. ASIC will not be recognised as a regulator of industry and standards until they themselves take a real submission to parliament demanding a full scale Royal Conmission be held into the Banking and Finance industries. At the moment the Banking and Finance industry gets the respect it deserves they are seen with as much integrity as a used car salesman of 25 years ago.
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