Corrupt Brokers

  • Smart v AAI [2015] NSWSC 392

    22 May 2015
    A mortgage broker misappropriated his client’s funds which they had agreed to on-lend but never did and was found liable for breach of contract and false and misleading conduct. The court’s finding...
  • Landa v Perpetual Trustees Victoria [2014] NSWCA 393

    16 November 2014
    We have previously reported the trial judge's decision in this case . A doctor was hoodwinked by a fraudulent mortgage broker. The broker told the borrrower he was going to invest money the doctor...
  • NAB v Smith [2014] NSWSC 1605

    12 November 2014
    A naive, simplistic salesman was talked into buying a two year old business where he worked as a salesman for $2 million. He had no inkling of the businesses financials but the bank did and...
  • Rubino v ANZ [2014] NSWCA 362

    23 October 2014
    A husband and wife owned three properties, living on one and operating a flower farming business on the other two. They borrowed money from the bank. There was a dispute with the bank which...
  • Landa v Perpetual Trustees Victoria [2013] NSWSC 1685

    31 October 2013
    A doctor was defrauded of $1.65m by a mortgage broker, who convinced the doctor to mortgage his properties and re-invest those monies to earn a higher rate of interest. Instead of investing his...
  • Perpetual Trustees v Cox [2013] NSWSC 1583

    30 October 2013
    A husband and wife borrowed monies refinance their mortgage and to have funds undrawn but set aside for future drawdown. However at settlement their broker sent through a direction requiring the...
  • NAB v Zerafa [2013] NSWSC 1515

    22 October 2013
    The bank called up the loan on the grounds that bank statements used to procure the loan had been doctored. The borrower’s defence alleged: The Business purposes declaration and guarantee were...

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