ASIC bans former Westpac bank home finance manager in relation to false loan applications
Wednesday 12 March 2014 ASIC has permanently banned Mr David St Pierre, a former Westpac Bank Home Finance Manager from engaging in credit activities and providing financial services. Mr St Pierre, of Mt Nathan, Queensland, was a Home Finance Manager for Westpac Bank between September 2000 and April 2011. An ASIC investigation found that between July 2008 and June 2010, Mr St Pierre:
· submitted loan applications to Westpac for approval when he knew that they contained false information and that they were supported by false documents
· failed to prepare an authority that accurately identified the payee of a cheque with the result that a customer cheque for $215,000 was paid into the personal trading account of a non-office holder of Capital Growth International Club Pty Ltd (CGIC), and
· enabled and encouraged customers to borrow...
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ABN for a day SCAMS
Australian Sub Prime Lending
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FULL DOC TOXIC LOANS
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Declan Carnes - infamous Bank Manager of BOQ and storm financial case is back in court today with another. This victim is not stor -
So how do ASIC see the bank engineers of this fraud as fit and proper persons??? They're ruining lives across the country!! ASIC-
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May I ask what this is all about Mr. Michael Kingfisher Smith? I note well that failure to make a decision, or take action, or de
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Looking at this horse in the mouth reveals......... ANZ Administrator Global Retail Credit Policy Team ANZ Automated credit asses
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One down and thousands more to go. one after the other just like falling dominoes.