ASIC has successfully conducted an investigation that led to a mortgage broker pleading guilty to 5 counts of providing false or misleading information.
The mortgage broker provided the false or misleading information in support of his clients’ home loan applications, that were worth more than $500,000.
For further information, see http://www.asic.gov.au/about-asic/media-centre/find-a-media-release/2013-releases/13-200mr-former-mortgage-broker-pleads-guilty-to-submitting-false-documents-to-lenders/
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