A FORMER mortgage broker from Canberra has pleaded guilty to seven charges in the ACT Magistrates' Court.
Kelvin Skeers of Queanbeyan was a former mortgage broker with Tonadale Pty Ltd (which traded as ACT Mortgages).
He was charged with one charge under s126(2) of the Crimes Act 1900 (ACT) and six charges under s347 of the Criminal Code 2002 (ACT) following an Australian and Securities Investments investigation into his conduct between December 2003 and September 2005.
The charges relate to Skeers knowingly using false accountants’ letters with the intention of inducing a lender to approve low-documentation (low-doc) loans for seven borrowers. Without this false documentation, these borrowers may not have successfully secured the necessary finance.
Australian Property Journal
