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.