Lives ruined in Westpac low-doc 'scam'

PETER Cockroft says he lost his life savings, his 94-year-old father and his inheritance after a Westpac bank manager betrayed their trust.

At the grand age of 101, Heather Simmers lives with the consequences of a scheme that encouraged elderly people to take out uncoventional "low-doc" loans through Australia's second-largest bank and buy into a property development company that failed, leaving them broke and in some cases homeless.