Ex Aussie mortgage broker faces jail sentence over $2.7m loan fraud
Former Brisbane-based mortgate broker, Emma Feduniw, is facing a possible custodial sentence over her role in falsifying eight home loan applications totally $2,720,400, following an investigation by the Australian Securities and Investments Commission (ASIC).
In a statement, the regulator said that Feduniw (also known as Emma Khalil) was a mortgage broker through AHL Investments Pty Ltd, trading as Aussie, when she reportedly falsified employment letters to secure approvals for loans through Westpac.
ASIC said, five applications approved paying Feduniw a total commission of over $6,840.
The loan values ranged from $250,000 to $480,000.
She appeared before Beenleigh's Magistrates Court and through her solicitor, admitted to eight charges of providing documents knowing they were false or misleading.
ASIC deputy chairman Peter Kell said, "Credit laws are designed to ensure borrowers do not take out loans they cannot afford. Actions by mortgage brokers to circumvent the laws, for their own benefit, erode trust and confidence in the mortgage broking industry and will not be tolerated."
Feduniw will appear before court in June for sentencing and could face two years behind bars or a fine, for each charge.
Recommended for you
A strong demand for core fixed income solutions has seen the Betashares Australian Composite Bond ETF surpass $1 billion in funds under management, driven by both advisers and investors.
As the end of the year approaches, two listed advice licensees have seen significant year-on-year improvement in their share price with only one firm reporting a loss since the start of 2025.
Having departed Magellan after more than 18 years, its former head of investment Gerald Stack has been appointed as chief executive of MFF Group.
With scalability becoming increasingly important for advice firms, a specialist consultant says organisational structure and strategic planning can be the biggest hurdles for those chasing growth.
