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.
COG Financial Services has grabbed larger stakes in Westlawn and ...
The personal lender has announced a $200 million warehouse facili...
The listed lender has installed a new CFO, effective in 2022 foll...
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
What's the longest time you've been left on hold before getting through to a credit assessor?
