Mortgage fraudsters sentenced to prison, home detention for scamming seven banks

Wed, 17 Aug 2016

By Sophie Boot Aug. 17 (BusinessDesk) - Four people found guilty of mortgage fraud have been sentenced for scamming seven banks using forged documents and aliases in a $9.2 million scheme involving 11 Auckland properties between July 2007 and December 2010. The scheme, or "series of scams", began to unravel in February 2010 when a Bank of New Zealand investigator advised police about some transactions using false documents, while Westpac Banking Corp had begun to investigate another property deal at about the same time. Kiwibank complaine...

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