Sharif Ayubsha pleads guilty in Dandenong Court after home loan scam was exposed through his ATO records
A Glen Waverley man who attempted to scam the Bank of Queensland out of nearly $400k to buy a home was busted after his fudged bank records were exposed.
South East
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A Glen Waverley con artist has been busted attempting to swindle a major bank out of almost $400,000 in a home loan scam.
Sharif Ayubsha, 40, pleaded guilty in the Dandenong Magistrates’ Court on July 2 to one charge of attempting to obtain financial advantage by deception.
The court heard Ayubsha attempted to obtain a $398,500 home loan from the Bank of Queensland in order to buy a $498,000 home in 2012.
The bank rejected his loan application after discovering his statements from the Commonwealth Bank relating to his monthly wage were false.
Thebank cross referenced his application with ATO records, finding he earned $12,689 in 2012, rather than the $65,129 he had claimed.
The court heard the documents stating the purchase price of the home he intended to buy had also been inflated by more than $200,000.
Ayubsha was discovered in 2022 and interviewed by police, where he said his uncle “assisted him” in purchasing the home.
He told investigators his uncle had chosen the property and had filled in all the loan forms for him, despite Ayubsha having signed the documents.
On Tuesday, the court heard Ayubsha had attempted to scam money from a bank 14 years earlier.
His defence team told the court he had recently been diagnosed with cancer and had not been working consistently due to treatment.
Magistrate Jacinta Studham said had Ayubsha pleaded not guilty “he would have run a very big risk”.
The court heard Ayubsha’s uncle and co-accused had already been sentenced for the same charge, so the parity principle applied.
Parity is where an offender should be sentenced with the same penalty as their co-accused for the same charge.
Ms Studham sentenced Ayubsha to complete a 12-month good behaviour bond without conviction.
