"The sentences imposed reflect the seriousness of offending," says SFO
"Such fraud undermines lenders' confidence in borrowers in the mortgage market," says SFO
"We are committed to investigating and prosecuting this kind of offending," says SFO
Simon Turnbull has been arrested at the border and since pleaded guilty to a nearly $50 million mortgage fraud.
The ring leader of a $9.2m mortgage fraud scheme has today been sentenced to five years imprisonment.
Mortgage advisers note concerning changes in investor loans
It examines developments following latest reforms and reinstatement of LVR restrictions
Government plans to restrict deductibility of mortgage interest for investors