A former Sydney-based mortgage and finance broker has pleaded guilty to six charges of making false statements and providing false documents to lenders.
Appearing before the Downing Centre Local Court in Sydney, Hee Seng Lee of A&H Mortgage Group – trading as H Lee’s Finance and Loan Care & Co – pleaded guilty to the falsified loan applications totalling $7.5 million.
According to an ASIC communication, “the 12 applications related to loans ranging from $160,000 to $1.5 million and included applications that were in his name”.
“The false statements related to the income and/or employment of the applicant and the false documents included payslips, taxation returns and notices of assessment purportedly issued by the Australian Tax Office,” the document said.
Mr Lee had his Australian Credit Licence cancelled in January 2012.
The former director of Perth corporate advisory firm Armada Capital will serve a three-year ban. ...
A dealer group head believes 2022 will be a turning point for attracting new entrants into the advice industry. ...
Some of the biggest trends in the industry for 2022 will shape the sector “for many years to come” according to the chief executive of a digital a...
Get notifications in real time and stay up to date with content that matters to you.
