Search

Search News Search Questions

News > Mortgages > Guilty plea in mortgage fraud case

Mortgages

Guilty plea in mortgage fraud case

One of four property investors accused of deceiving banks and fraudulently obtaining millions of dollars in home loans has pleaded guilty.

Monday, July 11th 2022

Fifty five-year-old Viki Cotter admitted four charges brought by the Serious Fraud Office of obtaining by deception in relation to duping banks into providing her with loans to buy residential properties.

She will appear again in the Auckland District Court on 12 October for sentencing.

In 2019 she was charged alongside Bryan Martin, Sian and Joshua Grant on a raft of charges. Martin is facing 10 counts of obtaining by deception and four charges of attempted obtaining by deception and the Grants each face four charges of obtaining by deception and one charge of attempted obtaining by deception.

They are next due to appear in court for trial on 29 August.

Next Article

House prices now dropping rapidly as correction kicks in

Comments

No comments yet

Sign In / Register to add your comment

Most Read

1 Competition between investors and first home buyers about to heat up

2 Apartment owners thumped by consistently fast rising insurance

3 RBNZ: house prices may rise 7% a year in next two years

See more News >

Top Mortgage Rates

SBS FirstHome Combo 5.15
Unity First Home Buyer special 5.49
Heartland Bank - Online 5.49
TSB Special 5.69
Co-operative Bank - First Home Special 5.69
ANZ Special 5.79
ASB Bank 5.79
Westpac Special 5.79
Co-operative Bank - Owner Occ 5.79
AIA - Go Home Loans 5.79
BNZ - Std 5.79
Heartland Bank - Online 5.39
ASB Bank 5.49
Westpac Special 5.49
AIA - Go Home Loans 5.49
BNZ - Std 5.59
ANZ Special 5.59
Co-operative Bank - Owner Occ 5.59
ICBC 5.59
TSB Special 5.69
SBS Bank Special 5.69
BNZ - Classic 5.69
BNZ - Classic 5.59
Westpac Special 5.59
ICBC 5.59
Co-operative Bank - Owner Occ 5.69
SBS Bank Special 5.69
TSB Special 5.69
Kiwibank Special 5.69
ASB Bank 5.79
AIA - Go Home Loans 5.79
BNZ - Std 5.89
ANZ 6.19
AIA - Back My Build 4.94
SBS FirstHome Combo 4.94
CFML 321 Loans 6.20
CFML Home Loans 6.45
Co-operative Bank - Owner Occ 6.95
Co-operative Bank - Standard 6.95
Heartland Bank - Online 6.99
Kiwibank Special 7.25
Kiwibank - Offset 7.25
Kiwibank 7.25
Westpac 7.39

Full Rates Table

More Stories

RBNZ: house prices may rise 7% a year in next two years

Thursday, November 28th 2024

RBNZ: house prices may rise 7% a year in next two years

The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.

Apartment owners thumped by consistently fast rising insurance

Wednesday, November 13th 2024

Apartment owners thumped by consistently fast rising insurance

Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.

Competition between investors and first home buyers about to heat up

Monday, November 04th 2024

Competition between investors and first home buyers about to heat up

Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.

From hunted to hunters

Tuesday, August 20th 2024

From hunted to hunters

Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.

Landlords
© 2024 Tarawera Publishing Ltd.