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18-305MR Former CBA mobile lender to stand trial on loan fraud conspiracy
A Melbourne man, Mr Andrew Cameron, was committed to stand trial on one count of the common law offence of conspiracy to defraud, after a five-day committal hearing in the Melbourne Magistrates' Court concluding on 5 October 2018.
The trial will be held in the County Court of Victoria on a date to be fixed. The next directions hearing is on 26 October 2018.
Mr Cameron has entered a plea of not guilty and remains on bail.
ASIC alleges that Mr Cameron conspired with others to defraud his employer, the Commonwealth Bank of Australia, by providing false documents and information in support of home loan applications. ASIC alleges that the conspiracy involved approximately 121 loan applications and resulted in the CBA lending approximately $36,420,040.00.
The maximum penalty for the offence is 15 years' imprisonment.
The matter is being prosecuted by the Commonwealth Director of Public Prosecutions.
The date of the next directions hearing has been moved from 26 October to 25 October 2018.
Editor's note 2:
The trial date, expected to last five weeks, has been set down for 21 October 2019.