"Such fraud undermines lenders' confidence in borrowers in the mortgage market," says SFO
"We are committed to investigating and prosecuting this kind of offending," says SFO
Simon Turnbull has been arrested at the border and since pleaded guilty to a nearly $50 million mortgage fraud.
The ring leader of a $9.2m mortgage fraud scheme has today been sentenced to five years imprisonment.
An Auckland woman and six other participants in a fraudulent scheme involving 11 properties in the city and totalling about $9.2 million, have been found guilty.
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