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.

Mortgage broker sentenced for fraud

gavel gavel
Reporter 3 minute read

The former GM of a mortgage manager, Beth Ngoc Stolyar (nee Nguyen), has been found guilty of mortgage fraud at Burwood Local Court.

Ms Stolyar, a former employee of Royal Guardian Mortgage Corporation, had been charged with obtaining money by deceit under s 178BA of Crimes Act 1900 on 19 January 2016 for a mortgage fraud committed in 2005 but not discovered until 2014.

It was alleged that Ms Stolyar fraudulently amended a loan application to show false assets and liabilities and income.

After discovery of the fraud, her employer, reported the fraud to the NSW Police.

Advertisement
Advertisement

As it was a criminal matter, the lawyer prosecuting was from NSW Police.

On 30 March, Burwood Local Court found Ms Stolyar guilty of the fraud.

According to a source close to the case, the sentencing hearing was heard later that day, in which Ms Stolyar was given two years on a good behaviour bond, a $2,000 fine and ordered to repay commissions made on the fraudulent loan.

Ms Stolyar was also ordered to pay more than $6,000 in compensation to her previous employer.

Royal Guardian Mortgage Corporation has not commented on the case.

PROMOTED CONTENT


[Related: Westpac boss grilled over jailed home loan manager]

Mortgage broker sentenced for fraud
gavel
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

gavel

 

more from the adviser
handshake news Ex-broker head to lead MyState banking

A former broker head has returned to MyState Bank to tackle turna...

BBS 2021 ta SA/NT’s top brokers crowned

The leading brokers in South Australia and the Northern Territory...

Paul Kearney ta AFCA recruits from ME Bank

The complaints authority has named a new executive general manage...