Parole for $33 million mortgage fraudster after one year in jail

By on September 24, 2017
Parole for $33 million mortgage fraudster after one year in jail

An Auckland man involved in a $33 million mortgage fraud has been released on parole after spending just over a year in jail.

Simon Lawrence Turnbull, in his mid-40s, last year admitted his role in a mortgage fraud where false loan applications were submitted to a fund management company to purchase 16 properties around the Auckland region between September 2006 and August 2007.

Turnbull, who had been living out of New Zealand for years and was arrested upon his return to the country, was sentenced to three years and two months in jail. His co-offender, former property developer and ex-New Zealand representative bridge player Malcolm Mayer, had earlier been jailed for six years for his part in the fraud.

Read the full article online > The New Zealand Herald - nzherald.co.nz



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