According to ASIC, Mr Cameron was part of a “hundred-million-dollar loan fraud conspiracy”, which the regulator uncovered as part of its investigation in to Myra Home Loans.
The regulator said 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 year in prison, the regulator said.
Mr Cameron was bailed, and is due to appear before the Magistrates Court on 2 February 2018.
The case is being prosecuted by the Commonwealth Director of Public Prosecutions.
Anyone got any info on this Andrew Cameron guy now
Bail until 19 March 2018 next hearing date (info from ASIC website)
perfectly alright for the cba to defraud the public but not the other way around?????
Dog bites man, man bites dog.