Myra Home Loans alleged fraud charge against Andrew Cameron

Myra Home Loans alleged fraud charge against Andrew Cameron
Myra Home Loans alleged fraud charge against Andrew Cameron

A Melbourne man, Andrew Cameron, appeared before the Melbourne Magistrates' Court today charged with one count of the common law offence of conspiracy to defraud, following an ASIC investigation. 

ASIC alleges that Mr Cameron conspired with others to defraud his employer, the Commonwealth Bank of Australia (CBA), by providing false documents and information in support of home loan applications.

The charges are linked to the hundred-million dollar loan fraud conspiracy uncovered by ASIC's investigation into Myra Home Loans.

ASIC alleges that the conspiracy involved approximately 121 loan applications and resulted in the CBA lending approximately $36,420,040.

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

Mr Cameron was not required to enter a plea and was bailed to appear before the Magistrates' Court at Melbourne on 2 February 2018.

The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.

Tags: 
Home Loans Asic

Comments

Be the first one to comment on this article
What would you like to say about this project?