Ex-Aussie Footballer Accused Of Using Forged Deed To Score $320K In Loan Funds Secured By Property Owned By Another

In Manly, New South Wales, The Daily Telegraph reports:

• FORMER Sydney Swans player Daryn Cresswell allegedly obtained $320,000 in fraudulent loan funds using a forged title deed, a court heard [last week]. The alleged scam went unnoticed for years until the rightful owner of the Coolum Beach property on the title deed applied for an investment loan and was told the astonishing news his home was already mortgaged. Cresswell, 38, is expected to be extradited to Queensland today after he was refused bail in Manly Local Court [last week]. He is charged with two counts of creating false loan documents, two counts of using those documents to obtain funds and a further two counts of obtaining funds by deception.

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• Numerous loan repayments were made from [a Cresswell-owned business] to the [...] home loan account during 2006, but the loan was referred to the banks collections department early in 2007. [...] Police allege funds were also transferred to the home loan account by [others] in January and February 2007. The alleged scam came to the attention of police in April 2007 when the rightful owner of the property applied for an investment loan and was told his home was already mortgaged.

For more, see Court: Ex-Swan frauded home loans. DeedContraTheft