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Founder of Learn to Trade, Greg Secker’s investment journey began with him working in IT on a trading floor supporting the largest currency trader in London. With no real knowledge of finance and a $5000 gift from his mother, Greg entered the trading game and joins the Nestegg podcast to discuss his journey to success.

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Having previously joined the show to share how he is making a full-time income in only a few hours a week, Greg Morgan also joins host David Stratford to share how Learn to Trade set him on the path toward financial success, and why mindset and positivity is key to success as a trader.

The pair will explain why the current climate is the perfect time to be trading, explain the 5-2-1 rule and why it is so important, and reveal what the best investors are doing to cement their success.

You can keep up to date with what Learn to Trade are up to HERE

Have an investment story to share? Get in touch at [email protected] and you might get featured on the next episode.

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Friday, 06 December 2019

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Former NAB manager pleads guilty to loan application fraud

By Cameron Micallef · August 21 2019

Reading:

Borrow

Former NAB manager pleads guilty to loan application fraud

By Cameron Micallef
August 21 2019

Reading:

Former NAB manager pleads guilty to loan application fraud

By Cameron Micallef · August 21 2019

Reading:

A former NAB branch manager has pleaded guilty to allegations that he made false and misleading statements about a number of home loan applications to the big four bank.

An ASIC investigation found that Mathew Alwan made false and misleading statements to NAB in relation to 24 home loan applications, from which he profited $56,995 in commissions from the bank, and he was subsequently charged with one count of intention to defraud by false or misleading statement.

Mr Alwan had told the bank that a NAB introducer had referred the 24 borrowers under the loan applications to NAB when he knew that this was not true, it was reported.

The NAB introducer he claimed had assisted in the loan applications was Mr Alwan’s uncle, who had been operating under the business name Suit Club.

NAB’s “spot and refer” introducer program allowed third-party introducers registered with NAB to refer the name and contact details of potential borrowers to the bank.

If those borrowers took out a loan with NAB, then the introducer would receive a commission.

According to ASIC, this program is set to be terminated on 1 October this year after NAB reported that it had uncovered bankers engaging in fraudulent misconduct.

This misconduct case, which was featured as a case study in the Hayne royal commission, has already seen Mr Alwan permanently banned from engaging in credit activities and the provision of financial services by ASIC.

Mr Alwan will appear before the NSW Local Court on 1 October 2019 for sentencing.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leveraging their insights to grow your portfolio.