John Kovar - Victim of La Trobe Financial

Case Summary

John's story shows how La Trobe Financial turned his home ownership to homelessness. It is a sad tale of non-bank home loan fraud, crippling fees and theft. John currently lives in a $150 caravan he managed to get at the tip while the home stolen from him is now valued at around 1.6 million.

There needs to be thorough investigation by an extended RC with the power to set in place recommendations for the compensation of individual bank victims and access to affordable and meaningful justice.

Story Details
Story Of: 
John Kovar
Financial Institution (if other): 
La Trobe Financial
Bank Malpractice Type: 
Incompetent Business Practices
Powermongering & Greed
Unconscionable Conduct
Other Bad Banking Behaviour

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