Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Newcastle broker sentenced for lo doc fraud

Staff Reporter 1 minute read

Mark Shalimov, director of investment company Future Management Group Limited (FMG), was convicted by the Sydney District Court on Friday November 23 on two counts of fraud for the arrangement of a lo doc loan for an unemployed Newcastle woman.

Mark Shalimov, director of investment company Future Management Group Limited (FMG), was convicted by the Sydney District Court on Friday November 23 on two counts of fraud for the arrangement of a lo doc loan for an unemployed Newcastle woman.

The application falsely stated that the unemployed woman worked as an accountant/ consultant receiving a $101,000 gross salary in February, 2003.

Shalimov is automatically disqualified from managing corporations for five years and serves concurrent two-year good behaviour bonds on each count.

 

Advertisement
Advertisement
Newcastle broker sentenced for lo doc fraud
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
question mark 850 Brokers reveal which lenders are leading the way

The results are in for the Third-Party Lending Report 2020, revea...

board room office ta Lender revamps broker team

A low-deposit mortgage lender has announced changes to its third-...

build SMEs showing greater resilience to COVID-19

Businesses with an annual turnover of less than $200,000 have far...

FROM THE WEB