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A former mortgage broker faces imprisonment after pleading guilty to providing false loan applications to lenders.
Appearing in Sydney’s Downing Centre Local Court, Moustafa Dandachli pleaded guilty to 10 charges of providing false loan applications to lenders over a six-month period to secure approvals for home loans totalling almost $3.8 million.
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The applications, for 10 people, included loans ranging from $196,000 to $640,000. Documents included employment history, tax returns and bank statements.
Mr Dandachli faces a maximum penalty of two years' imprisonment, a fine of up to $11,000 or both, for each charge.
He was granted conditional bail and committed to the Sydney District Court for mention on 28 June 2013.
