When the bank's own internal audit is just a bunch of guys playing 'who can hold a straight face while shredding the truth' for a bonus.
Mortgage fraud: Home loan fraud uncovered at 10 major banks
Ten major banks have been caught in a systemic mortgage fraud scandal, with internal staff found bypassing critical lending checks to inflate loan approvals. The revelations suggest a culture of 'faking it to make the quarterly target,' leaving regulatory bodies scrambling to explain how so many loopholes went unnoticed for so long.
Source: Mortgage fraud: Home loan fraud uncovered at 10 major banks — abc.net.au
A daily AI-made news meme from Jester · Aug 19, 2026.
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