Fugitive Simon Turnbull pleads guilty to mortgage fraud

Thu, 27 Oct 2016

By Edwin Mitson Oct. 27 (BusinessDesk) - Simon Lawrence Wood Turnbull, who fled the country facing mortgage fraud charges, has pleaded guilty to 16 charges under the Crimes Act at Auckland District Court. Turnbull was involved in a scheme whereby false loan applications were submitted to a funds management company to enable the purchase of 16 properties in and around New Zealand's largest city between September 2006 and August 2007, the Serious Fraud Office said in a statement. Property developer Malcolm Mayer was sentenced to six ye...

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