- FIRST CLASS CARS LIMITED | CIV 2017-404-1011
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- WEST HOE LIMITED | CIV 2017-404-1031
- MR8 CONSTRUCTION LIMITED | CIV 2017-404-1061
- ZEAL CONTRACTING LIMITED | CIV 2017-470-71
- AJAY ENTERPRISES LIMITED | CIV 2017-470-70
- BEVIR LOGGING LIMITED | CIV 2017-442-19
- SUBLOOS NZ LIMITED | CIV 2017-442-15
- TH NO.1 LIMITED | CIV 2017-404-997
- SPHERE DESIGN CAPSULE LIMITED | CIV 2017-404-1038
Sentence sends message to keep housing market honest
A man who returned to New Zealand to plead guilty to fraud charges last month has been sentenced in the Auckland District Court today.
Simon Lawrence Wood Turnbull faced 16 charges of ‘Obtaining by deception or causing loss by deception' and has received a sentence of three years and two months' imprisonment.
For a period between September 2006 and August 2007, Mr Turnbull was involved in a $33 million dollar mortgage fraud where false loan applications were submitted to a fund management company to purchase 16 properties in and around the Auckland region.
The charges were initially laid by the Serious Fraud Office (SFO) in October 2014, however, Mr Turnbull had left New Zealand in March 2008. After failing to appear at his first court date and after spending some time living overseas, Mr Turnbull returned to New Zealand in June this year and was detained upon his arrival.
SFO Director, Julie Read said, "SFO prosecutions against those who commit mortgage fraud help to ensure an honest market where New Zealanders can safely invest at a fair rate."
In February 2014 another defendant, Malcolm Mayer, was sentenced to six years' imprisonment for his role in the fraud.
For further media information
Serious Fraud Office
027 705 4550
CRIMES ACT OFFENCES
Section 240 Obtaining by deception or causing loss by deception
(1) Every one is guilty of obtaining by deception or causing loss by deception who, by any deception and without claim of right,-
(a) obtains ownership or possession of, or control over, any property, or any privilege, service, pecuniary advantage, benefit, or valuable consideration, directly or indirectly; or
(b) in incurring any debt or liability, obtains credit; or
(c) induces or causes any other person to deliver over, execute, make, accept, endorse, destroy, or alter any document or thing capable of being used to derive a pecuniary advantage; or
(d) causes loss to any other person.
(1A) Every person is liable to imprisonment for a term not exceeding 3 years who, without reasonable excuse, sells, transfers, or otherwise makes available any document or thing capable of being used to derive a pecuniary advantage knowing that, by deception and without claim of right, the document or thing was, or was caused to be, delivered, executed, made, accepted, endorsed, or altered.
(2) In this section, deception means-
(a) a false representation, whether oral, documentary, or by conduct, where the person making the representation intends to deceive any other person and-
(i) knows that it is false in a material particular; or
(ii) is reckless as to whether it is false in a material particular; or
(b) an omission to disclose a material particular, with intent to deceive any person, in circumstances where there is a duty to disclose it; or
(c) a fraudulent device, trick, or stratagem used with intent to deceive any person.
ABOUT THE SFO
The SFO was established in 1990 under the Serious Fraud Office Act in response to the collapse of financial markets in New Zealand at that time.
The SFO's role is the detection, investigation and prosecution of serious or complex financial crime. The SFO's focus is on investigating and prosecuting criminal cases that will have a real effect on:
- business and investor confidence in our financial markets and economy
- public confidence in our justice system and public service
- New Zealand's international business reputation.
The SFO operates three operational teams; the Evaluation and Intelligence team along with two investigative teams.
The SFO operates under two sets of investigative powers.
Part 1 of the SFO Act provides that it may act where the Director "has reason to suspect that an investigation into the affairs of any person may disclose serious or complex fraud."
Part 2 of the SFO Act provides the SFO with more extensive powers where: "...the Director has reasonable grounds to believe that an offence involving serious or complex fraud may have been committed..."
In considering whether a matter involves serious or complex fraud, the Director may, among other things, have regard to:
- the suspected nature and consequences of the fraud and/or;
- the suspected scale of the fraud and/or;
- the legal, factual and evidential complexity of the matter and/or;
- any relevant public interest considerations.
The SFO's Annual Report 2016 sets out its achievements for the past year, while the Statement of Intent 2014-2018 sets out the SFO's strategic goals and performance standards. Both are available online at www.sfo.govt.nz