{"id":377742,"date":"2026-03-01T09:57:28","date_gmt":"2026-02-28T23:57:28","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=377742"},"modified":"2026-03-01T09:57:32","modified_gmt":"2026-02-28T23:57:32","slug":"commonwealth-bank-reports-1b-mortage-fraud","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=377742","title":{"rendered":"Commonwealth Bank reports $1B mortage fraud"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In February 2026, the\u00a0<strong><a href=\"https:\/\/www.vibewire.com.au\/?tag=commonwealth-bank\" target=\"_blank\" rel=\"noopener\" title=\"Commonwealth Bank\">Commonwealth Bank<\/a> of Australia (CBA)<\/strong>\u00a0reported itself to the police and the\u00a0Australian Securities and Investments Commission (ASIC)\u00a0over a suspected\u00a0<strong>$1 billion mortgage fraud scheme<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The investigation centres on a massive volume of home loans allegedly obtained using fraudulent documentation, much of it sophisticated forgeries.<\/p>\n\n\n\n<figure class=\"wp-block-video aligncenter\"><video height=\"270\" style=\"aspect-ratio: 532 \/ 270;\" width=\"532\" controls src=\"https:\/\/www.vibewire.com.au\/wp-content\/uploads\/2026\/02\/LcQXueMcs17hWHWD.mp4\"><\/video><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">While the scale of the fraud is unprecedented (representing the largest potential fraud against an Australian bank), CBA stated it is\u00a0not currently &#8220;out<a href=\"https:\/\/www.google.com\/url?sa=i&amp;source=web&amp;rct=j&amp;url=https:\/\/www.facebook.com\/7NewsAustralia\/posts\/the-commonwealth-bank-has-called-police-to-investigate-up-to-1-billion-in-potent\/1383406647159037\/&amp;ved=2ahUKEwjB09_2x_uSAxWESmwGHcmvFycQy_kOegQIBRAJ&amp;opi=89978449&amp;cd&amp;psig=AOvVaw3dVdOD3ijFbOI8EwtOZTuI&amp;ust=1772346653231000\" title=\"\"> <\/a>of<a href=\"https:\/\/www.google.com\/url?sa=i&amp;source=web&amp;rct=j&amp;url=https:\/\/www.facebook.com\/7NewsAustralia\/posts\/the-commonwealth-bank-has-called-police-to-investigate-up-to-1-billion-in-potent\/1383406647159037\/&amp;ved=2ahUKEwjB09_2x_uSAxWESmwGHcmvFycQy_kOegQIBRAJ&amp;opi=89978449&amp;cd&amp;psig=AOvVaw3dVdOD3ijFbOI8EwtOZTuI&amp;ust=1772346653231000\" title=\"\"> <\/a>pocket<a href=\"https:\/\/www.google.com\/url?sa=i&amp;source=web&amp;rct=j&amp;url=https:\/\/www.facebook.com\/7NewsAustralia\/posts\/the-commonwealth-bank-has-called-police-to-investigate-up-to-1-billion-in-potent\/1383406647159037\/&amp;ved=2ahUKEwjB09_2x_uSAxWESmwGHcmvFycQy_kOegQIBRAJ&amp;opi=89978449&amp;cd&amp;psig=AOvVaw3dVdOD3ijFbOI8EwtOZTuI&amp;ust=1772346653231000\" title=\"\">&#8220;<\/a>\u00a0because the mortgages are being actively paid down and are secured against physical properties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The investigation centres on a massive volume of home loans allegedly obtained using fraudulent documentation.<\/p>\n","protected":false},"author":22,"featured_media":377744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[273,35,3518],"tags":[14689],"class_list":["post-377742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australia","category-breaking-news","category-fraud","tag-commonwealth-bank"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.10 - 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