Please note that the MFAA conducts regular reviews and may remove information from this site after seven years from publication other than in matters involving very serious misconduct.

Mr Pierre Haddad of Northcote, VIC

The MFAA Tribunal has determined to expel Mr Pierre Haddad of Victoria from MFAA Membership. The Tribunal found that Mr Haddad was not a 'fit and proper' person to continue to be an MFAA member as he had been found guilty by a Court of three counts of theft and was sentenced to serve two years and six months jail. Mr Haddad is currently in a Victoria jail.

The expulsion is effective from 3 August 2019.

 

Ms Tik Kamtan of Baulkham Hills, NSW 

The MFAA Tribunal has expelled Ms Tik Kamtan from MFAA membership. The Tribunal found that the Member had breached the MFAA Disciplinary Rules in that the Member had failed to act with appropriate skill care and diligence in submitting a number of loan applications to various lenders containing information that the primary loan purpose was the purchase of an investment property when there was evidence to support that it should have been declared as the purchase of an “owner occupied” property. 

The expulsion is effective from 16 July 2019.

 

Mr Tek Wan Chin of Stones Corner, QLD

The MFAA Tribunal has expelled Mr Tek Wan Chin from MFAA membership. The Tribunal determined that Mr Chin had engaged in "misconduct" pursuant to the MFAA Disciplinary Rules in that he created and issued a false conditional approval letter. 

The expulsion is effective from 11 June 2019.

 

Mr Heejun Sohn of Box Hill, VIC 
 
The MFAA Tribunal has expelled Mr Heejun Sohn from MFAA membership. The Tribunal found that Mr Sohn had engaged in dishonest or fraudulent conduct by submitting false employment and income supporting documentation to various lenders for a number of loan applications. Such conduct was a serious breach of the MFAA Disciplinary Rules.
 
The expulsion is effective from 3 June 2019.

 

Ms Emily-Jane May of Bundall, QLD

The MFAA Tribunal has determined that Emily-Jane May has been guilty of ’misconduct’ in breach of the MFAA Disciplinary Rules. The Member altered a separation letter provided by her former aggregator and submitted it to another aggregator. As a result of the ‘misconduct’ the Member has been expelled from the MFAA.

The expulsion is effective from 7 March 2019.

 

Mr Shrikrishna Karandikar of Clarinda, VIC

The MFAA Tribunal has expelled Mr Shrikrishna Karandikar from MFAA membership.

The Tribunal found that Mr Karandikar was not a 'Fit and Proper' person to hold membership with the MFAA given that he had been charged with three counts of giving false documents under the National Consumer Credit Protection Act 2009 and was permanently banned by the Australian Securities & Investments Commission from engaging in credit activities.

Mr Karandikar subsequently pleaded guilty to the offences under the NCCP Act, was convicted and fined $5000.

The expulsion is effective from 7 January 2019.

 

Ms Laura Le of Fairfield Heights, NSW

The MFAA Tribunal has expelled Ms Laura Le from MFAA membership. The Tribunal found that Ms Le had engaged in dishonest or fraudulent conduct by submitting a personal car loan application in her own name to a lender which contained false loan supporting documentation; namely a bank statement and payslip. Such conduct was a serious breach of the MFAA Disciplinary Rules.

The expulsion is effective from 1 November 2018.

 

Mr Brett Gordon of Maroochydore, QLD

The MFAA Tribunal has expelled Mr Brett Gordon from MFAA membership. The Tribunal found that Mr Gordon was not a ‘Fit and Proper’ person to hold membership with the MFAA given that he breached financial services legislation by providing financial services despite not being licensed to do so. Mr Gordon was subsequently restrained from carrying out such services without being the holder of an appropriate Australian Financial Services Licence (AFSL) by the Supreme Court of Queensland on 11 July 2018, following upon an application to the Court by ASIC.

The expulsion is effective from 30 October 2018

 

Mr Ezzatt-Daniel Nesseim of Gordon, NSW

The MFAA Tribunal has expelled Mr Ezzatt-Daniel Nesseim from MFAA membership. The Tribunal made that determination on the basis that Mr Nesseim may not be considered ‘Fit and Proper’ to hold membership with the MFAA, given he was permanently banned by ASIC from providing financial services after it found that Mr Nesseim had engaged in misleading and deceptive conduct, that he was not of good fame or character, and that he was likely to contravene a financial services law.

The expulsion is effective from 21 September 2018.

 

Mr Tim Zheng of Beckenham, WA

The MFAA Tribunal has determined that Mr Tim Zheng of Beckenham, WA engaged in “Misconduct” in that he failed to respond to a letter sent by the Investigating Officer (“IO”) in relation to alleged misconduct requiring him to produce documents within his possession, custody or control relevant to an investigation being conducted by the IO. As a result the Tribunal has expelled Mr Zheng from MFAA membership.

The expulsion is effective from 20 August 2018.

 

Mr Nathaniel Barbuto of North Parramatta, NSW

The MFAA Tribunal has expelled Mr Nathaniel Barbuto from MFAA Membership. The Tribunal found that the Member had engaged in an act of a dishonest nature by providing false bank statements and payslips in support of his own loan application which was submitted to a lender.

The expulsion is effective from 25 July 2018.

 

Ms Qingyue (Selena) Tan of Collaroy Plateau, NSW

The MFAA Tribunal has expelled Ms Qingyue (Selena) Tan from being an MFAA member. The Tribunal has determined that Ms Tan was guilty of “misconduct” pursuant to the MFAA Disciplinary Rules. The Tribunal found that Ms Tan had submitted false payslips to lenders.

The expulsion is effective from 23 July 2018.

 

Mr Thanh Phong (Johnny) Trinh of Cabramatta West, NSW

The MFAA Tribunal has expelled Mr Thanh (Johnny) Trinh from MFAA membership. The Tribunal found that the Member had engaged in unprofessional conduct in seeking a loan from a borrower for another customer of the Member. The Tribunal further found that the unprofessional conduct continued when Mr Trinh had failed to repay the loan, even after a Court order to do so.

The expulsion is effective from 21 May 2018.

 

Mr Koresh Houghton of KHFinancial Rehoboth Pty Ltd of Clayton, VIC

The MFAA Tribunal has expelled Mr Koresh Houghton of KHFinancial Rehoboth Pty Ltd from MFAA membership, on the basis that Members must not engage in Misconduct and must be, and continue to be, of good character and repute and a Fit and Proper person. ASIC has banned Mr Houghton from holding both a financial services and credit licence.

The expulsion is effective from 1 May 2018.

 

Mr Giuseppe Ciorra of Mernda, VIC

The MFAA Tribunal has expelled Mr Giuseppe Ciorra, of Home of Finance, from MFAA membership. The Tribunal found that Mr Ciorra had failed to act with appropriate skill, care and diligence in submitting a number of loan applications containing false employment information and documentation.

The expulsion is effective from 5 April 2018.

 

Ms Bao Quynh Nhu (Jamie) Le of Gosnells, WA

The MFAA Tribunal has expelled from MFAA membership Ms Bao Quynh Nhu (Jamie) Le in that the Tribunal found that Ms Le had engaged in conduct of a fraudulent nature by submitting a non-genuine (false) loan approval letter to customers, prior to any such approval having been issued by the relevant financial institution. Such conduct constitutes serious ‘misconduct’ under the MFAA Disciplinary Rules. Furthermore Ms Le failed to co-operate with the MFAA Investigating Officer. 

The expulsion is effective from 5 April 2018.

 

Mr Dan Van Tran (aka Van Danh Tran) of Sunnybank, QLD

The MFAA Tribunal has expelled Mr Dan Van Tran (aka Van Danh Tran) from MFAA Membership. Mr Tran failed to co-operate with the Tribunal in relation to allegations of “misconduct’. Since the matter was referred to the Tribunal, Mr Tran has been jailed for drug related offences. This was not part of the Tribunal’s consideration but had Mr Tran not already been expelled, the jail sentence was a further basis for expulsion.

The expulsion is effective from 26 February 2018.

 

Mr Neilesh Prashant Deo of Wynnum West, QLD

The MFAA Tribunal has expelled Mr Neilesh Prashant Deo from MFAA membership following a determination by the Tribunal that the Member had been guilty of 'Misconduct' in breach of the MFAA Disciplinary Rules in that he misrepresented material facts on his application for membership and failed to respond to the Investigating Officer.

The expulsion is effective from 26 February 2018.

 

Ms Rani Jasmin Mishra of Wynnum West, QLD

The MFAA Tribunal has expelled Ms Rani Jasmin Mishra from MFAA membership. The Tribunal has determined that Ms Mishra had engaged in dishonest conduct by submitting a false letter of separation and an altered National Police Certificate in support of her application to join an aggregation business.

The expulsion is effective from 20 December 2017.

 

Mr Jia Ge of Sydney, NSW

The MFAA Tribunal has expelled Mr Jia Ge of NSW from MFAA membership following a determination by the Tribunal that the Member had been guilty of 'misconduct' in breach of the MFAA Disciplinary Rules in that he had fabricated payslips in support of four loan applications submitted to a lender.

The expulsion is effective from 8 September 2017.

 

Ms Wenfei (Lucy) Liu of Kellyville, NSW

The Tribunal has expelled Ms Wenfei (Lucy) Liu after finding that she had engaged in an act of a fraudulent nature by issuing a false pre-approval letter to a consumer prior to a loan application being submitted. That consumer understood from that letter that the lender would loan him the amount pre-approved when purchasing a property at auction.

In addition to the conduct of a fraudulent nature, Ms Liu has refused to co-operate with the MFAA Investigating Officer and the Tribunal in relation to the investigation of the complaint against her.

The expulsion is effective from 31 July 2017.

 

Mr Cameron Liddle of Tahmoor, NSW

The MFAA Tribunal has expelled Mr Cameron Liddle of NSW from MFAA membership.

The Tribunal found that Mr Liddle was guilty of “misconduct” under the MFAA Disciplinary Rules in that he had made a dishonest alteration of a valuation and that he had refused to cooperate with the MFAA Investigating Officer in the investigation of the “misconduct”.

The expulsion is effective from 27 February 2017.

 

Mr Plasidus Monewalu of Chirnside Park, VIC

The MFAA Tribunal has expelled Mr Plasidus Monewalu from MFAA membership.

The Tribunal determined that Mr Monewalu had engaged in 'misconduct’, in breach of the MFAA Disciplinary Rules, in that he had submitted false documentation to an aggregator and had not cooperated with the MFAA Investigating Officer.

The expulsion is effective from 13 February 2017.

 

Mr Arthur Langadiotis of Westmeadows, VIC

The MFAA Tribunal has expelled Mr Arthur Langadiotis from MFAA membership.

The expulsion of Mr Langadiotis is a consequence of a failure to pay a monetary contribution to the MFAA ordered by the MFAA Tribunal in 2014 following a finding by the Tribunal that the Member had been guilty of ‘misconduct’ in breach of the MFAA Disciplinary Rules.

The expulsion is effective from 7 November 2016.

 

Mr Ze Min Li of Burwood, NSW

The MFAA Tribunal has expelled Mr Ze Min Li from MFAA membership on the basis that he had engaged in an act of a dishonest and fraudulent nature by fraudulently altering a copy of a National Police Certificate which was subsequently provided to a lender in relation to an accreditation application.

Mr Li also refused to provide information to the MFAA Investigating Officer and the MFAA Tribunal and that amounted to a further finding of ‘misconduct’. The expulsion is effective from 18 April 2016.

 

Mr Aziz Letfallah of Dubbo, NSW

The MFAA Tribunal has expelled Choice Rates Pty Ltd (Mr Aziz Letfallah) from MFAA membership for engaging in conduct in breach of the MFAA Disciplinary Rules.

The Tribunal found that the Member had  informed potential borrowers that a loan had been unconditionally approved when it had not been submitted to a lender and further the Member failed to disclose mandatory information. The expulsion is effective from 6 August 2015.

 

Mr Aizaz Hassan of Truganina, VIC

The MFAA Tribunal has expelled Mr Aizaz Hassan from MFAA membership.  The expulsion follows on from the Tribunal’s earlier decision to suspend Mr Hassan flowing from serious dishonest conduct.  

The expulsion is effective from 15 June 2015.

 

Mr Janek (John) Krawc and Global Progress Financial Services Pty Ltd

The Tribunal has expelled Global Progress Financial Services Pty Ltd (Janek [John] Krawc) from MFAA membership following the Members non-compliance with a Tribunal determination. That determination related to a finding by the Tribunal of "misconduct' by the member.

The expulsion is effective from 7 April 2015.

 

Mr Michael Parnreiter of Strathfield, NSW

The MFAA Tribunal has expelled from MFAA membership Mr Michael Parnreiter for failing to act with appropriate skill, care and diligence by not checking relevant information, namely payslips, provided to him by eight borrowers. Four of the payslips were subsequently shown to be fraudulent.

Furthermore, the Member engaged in Misconduct in that he failed to respond to correspondence sent to him by the Investigating Officer requesting he provide information relevant to allegations.

The expulsion is effective from 15 October 2014.

Ms Imalka (Nadee) Weththasinghe of Wantirna South, VIC

The MFAA Tribunal has expelled from MFAA membership, Imalka (Nadee) Weththasinghe in that she, on four occasions, failed to act with appropriate skill, care and diligence by not disclosing all relevant information or by not checking relevant information submitted by her to a lender.

The expulsion is effective from 17 March 2014.

 

Mr Shiv Prakash Sahay of Lidcombe, NSW

The MFAA Tribunal has expelled Mr Shiv Prakash Sahay, from MFAA membership. The Tribunal found that the Member engaged in acts of a dishonest and fraudulent nature by submitting 10 mortgage applications to a lender that included bank statements evidencing savings which he knew to be false.

As a result of the misconduct Mr Sahay was expelled from the MFAA with effect from 1 February 2014.

 

Ms Julie Jennings of Tailored Mortgage Solutions Pty Ltd, Hope Island, Qld

The Tribunal has expelled, Ms Julie Jennings of Tailored Mortgage Solutions Pty Ltd of Hope Island, Qld in that between 9 April 2002 and 16 June 2008, Ms Jennings engaged in Misconduct in that she failed to act with all due skill, care and diligence by inserting overstated income and assets figures on 12 loan applications, after the consumer had signed the required documentation, without the consumer's knowledge or consent.

Furthermore the Member engaged in Misconduct in that she failed to respond to correspondence sent to her by the Investigating Officer requesting she provide information relevant to a complaint made by a consumer.

The expulsion from the MFAA took effect from 1 September 2013.

 

Mr Athol Halvorsen and Australian Finance Club Pty Ltd of Sydney, NSW

The MFAA Tribunal has expelled Australian Finance Club Pty Ltd and Mr Athol Halvorsen from MFAA membership. This follows on from his earlier "fast track" suspension for dishonesty related breaches of the MFAA Disciplinary Rules. After the suspension the Member had the opportunity to ask for a review of the suspension but chose not to.

Consequently the Tribunal reviewed the matter and determined to expel the Member for serious misconduct with effect from 10 June 2013.

 

Mr Giuseppe (Joe) Sortino - Sortino Financial Services Pty Ltd of Richmond, VIC

The MFAA Tribunal has expelled Mr Giuseppe (Joe) Sortino of Sortino Financial Services Pty Ltd from MFAA Membership.

The Tribunal found that Mr Sortino had failed to act with appropriate skill, care and diligence in relation to a loan he submitted for his mother which included a bank statement which was subsequently identified as fraudulent.

As a result of the misconduct Mr Sortino was expelled from the MFAA with effect from 17 June 2013.

 

Mr Moustafa Dandachli of Sydney, NSW

The Tribunal has expelled Mr M Dandachli from MFAA membership.

The Tribunal found that Mr Dandachli had engaged in acts of a fraudulent or dishonest nature by submitting  mortgage applications to lenders which included supporting documentation in the form of bank statements, he either fraudulently created or knew to be false at the time of their submission to the lender.

As a result of the misconduct Mr Dandachli was expelled from the MFAA with effect from 27 August 2012.  He was previously suspended on 6 July 2012 pending further investigations.

 

Mrs Shashi Prasad of Liverpool, NSW

The MFAA Tribunal has expelled  Mrs Shashi Prasad from MFAA membership on the basis that she engaged in, or was vicariously liable for conduct of a misleading, deceptive, dishonest or fraudulent nature.  The Tribunal had before it four Allegations of such conduct.

 

Ms Hong-Hao Ngoc Tran (VIC)

Ms Hong-Hao Ngoc Tran (of LMP Finance & Conveyancing Services Pty Ltd) of Footscray, Vic has been entered on the Expelled Member List as from 16 September 2010.

Ms Hong-Hao Ngoc Tran engaged in fraudulent and dishonest conduct by manufacturing and then submitting income supporting documentation, which she knew to be false, in relation to three separate loan applications to BankWest. The Tribunal regarded the allegations as extremely serious and determined that the Member be expelled from the Mortgage and Finance Association of Australia with effect from 16 September 2010.

 

E-Mortgage Wise and Don Hoang (VIC)

Between April and October 2009, Mr Don Hoang engaged in misconduct, namely:

an act which was fraudulent and dishonest in nature by manufacturing and then submitting income supporting documentation he knew to be false that he failed to act with all due skill, care and diligence by submitting  mortgage applications to various lendersdocuments evidencing savings, of which he only sourced copies, which have since been identified as being fraudulent.


Ms Xue Mei Mary Zhao

The Member was expelled by the Tribunal after it determined that 5 alleged breaches of the MFAA Disciplinary Rules were substantiated.

The MFAA Investigating Officer submitted 5 allegations to the Tribunal in relation to the submission of 4 loan applications to a lender without the Member ever having seen the borrowers.This included signing 100 Point Check declarations stating that she had signed the documents in the presence of the borrowers , when she had never met the borrowers.