Head of mortgage manager convicted of fraud

A former general manager has been fined for submitting a fraudulent loan application

Head of mortgage manager convicted of fraud



UPDATE:  This conviction was quashed on appeal on October 24, 2017

A former general manager of a Sydney-based mortgage manager has been found guilty of fraud.

Beth Stolyar was convicted of obtaining money by deception after fraudulently amending a loan application with Origin Mortgage Management Services (owned by ANZ at the time) to show false assets, liabilities and income. This inflated the commission she received as part of pre-stated conditions through her employment package, court documents obtained by Australian Broker show.

Although Stolyar committed the fraudulent activity in 2005, it was not discovered until 2014. The matter was then reported by her 2005 employer to the NSW Police Force who commenced an official investigation.

Stolyar was charged on 19 January 2016 and pleaded not guilty. She was found guilty and convicted in Burwood Local Court before Local Court Magistrate Suzanne Seagrave on 30 March.

Stolyar was ordered to pay a $2,000 fine and $6,250 in compensation to her previous employer. She was also placed under a two-year good behaviour bond commencing on 30 March.

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