Former CBA mobile lender to stand trial for loan fraud conspiracy

Melbourne man Andrew Cameron is committed to stand trial for one count of the common law offence of conspiracy to defraud, after a five-day committal hearing in the Melbourne Magistrates’ Court, which concluded last week (5 October 2018).

The Australian Securities and Investments Commission has alleged that Mr Cameron conspired with others to defraud the big four bank by providing false documents and information in support of home loan applications.

ASIC alleges that the conspiracy involved approximately 121 loan applications and resulted in the CBA lending approximately $36,420,040.00.

The maximum penalty for the offence is 15 years’ imprisonment.

The trial will be held in the County Court of Victoria. A date has not yet been fixed, but the next directions hearing is on 26 October 2018.

Mr Cameron has entered a plea of not guilty and remains on bail.

More to come.

[Related: Ex-CBA employee charged for role in $36m ‘fraud conspiracy’]

Former CBA mobile lender to stand trial for loan fraud conspiracy

Annie Kane

Last Updated: 09 March 2022 Published: 12 October 2018

Written by Annie Kane

Last Updated: 09 March 2022

Published: 12 October 2018

Annie Kane

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Annie Kane is the editor of The Adviser and Mortgage Business.

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