Get notifications in real-time for staying up to date with content that matters to you.
David St Pierre, a former home finance manager at Westpac, has appeared in the Southport Magistrates Court facing charges relating to a $2.5 million fraud.
The former Westpac employee has been charged with seven counts of “dishonestly inducing Westpac Banking Corporation (Westpac) to deliver property in the amount of approximately $2.5 million between August 2008 and July 2013” according to a statement from ASIC.
“The charges against Mr St Pierre carry a maximum penalty of up to 12 years jail on each charge,” the statement said.
Mr St Pierre was previously banned from engaging in credit activities and providing financial services.
ASIC’s investigation is ongoing.
The Australian Law Reform Commission has sought opinions from bro...
Concerns around navigating government grants, cash flow, and “s...
The state has started distributing cash grants to businesses affe...
Join Australia's most informed brokers
Do you know which lenders are providing brokers and their customers with the best service?
Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you charge fees for mortgage writing services?
