Najam Shah will face 5 years jail time following a scheme that generated up to $170 million in stolen funds. Shah was behind a fraudulent home-loan scheme run from Melbourne’s Myra Home Loans, and has pleaded guilty to one count of conspiring to defraud financial institutions.

http://www.smh.com.au/business/banking-and-finance/jail-time-for-man-behind-australias-biggest-home-loan-swindle-20171009-gyx35s.html