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Canberra broker admits to fraud

Staff Reporter 1 minute read

A broker has pleaded guilty to a range of fraud offensives following a probe by ASIC.

Mr Kelvin Skeers of Queanbeyan, New South Wales, a former mortgage broker with ACT Mortgages was charged with one charge under s126(2) of the Crimes Act 1900 (ACT) and six charges under s347 of the Criminal Code 2002 (ACT) after an investigation into his conduct between December 2003 and September 2005.

The charges relate to Mr Skeers knowingly using false accountants’ letters with the intention of inducing a lender to approve low-doc loans for seven borrowers.

Mr Skeers will be sentenced on 26 November 2008. The Commonwealth Director of Public Prosecutions prosecuted the matter.

Published: 13-10-08

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