A former Sydney broker has pleaded guilty to three charges of loan fraud which resulted in her receiving more than $100,000. Jennifer Mary Farias was the director of finance brokerage Mortgage Finance & Insurance, trading as Up N Riding (MFI). MFI arranged finance for vehicles such as motorcycles, cars and jet skis on behalf of clients.
Appearing at Downing Centre Local Court in Sydney, Ms Farias admitted she had received $96,270 in loan funds and $10,349.26 in commissions from a credit provider as a result of submitting 10 loan applications through MFI which contained false information and invoices. READ More: