Brisbane broker faces court

by Julia Corderoy25 Jul 2016
Former Brisbane-based mortgage broker Jianyong Mao has appeared in court charged with submitting misleading home loan documentation.
Mao has faced the Brisbane Magistrates' Court on the charge brought by ASIC. The regulator alleges that in May 2011, Mao submitted “materially misleading” documents, including banks statements and application forms, to a lender in support of a home loan application.
ASIC alleges that the loan was subsequently granted on the basis of these documents.  
At a hearing on 18 July 2016, the matter was adjourned to 5 September 2016.