Wednesday 16th January 2013 |
Text too small? |
Property developer Glenn William Cooper, 39, has been remanded on bail for sentencing on March 8 after a Serious Fraud Office investigation into his dealings with a family with whom he built a relationship.
Cooper pleaded guilty in Manukau District Court on Wednesday to five charges of dishonestly using a document.
The charges resulted from an investigation into five property deals between July and September 2011 with members of one family.
The family members were sold properties purchased in mortgagee sales by companies associated with Mr Cooper. His interest in the properties was concealed from banks and investors and misleading loan applications were made to banks.
"The investors were sold on a fantasy that purchasing these investment properties would successfully consolidate debt and solve their problems," Simon McArley, the acting chief executive of the SFO, said.
Mr Cooper played on the affinity he had built with one family.
(BusinessDesk)
BusinessDesk.co.nz
No comments yet
December 27th Morning Report
FBU - Fletcher Building Announces Director Appointment
December 23rd Morning Report
MWE - Suspension of Trading and Delisting
EBOS welcomes finalisation of First PWA
CVT - AMENDED: Bank covenant waiver and trading update
Gentrack Annual Report 2024
December 20th Morning Report
Rua Bioscience announces launch of new products in the UK
TEM - Appointment to the Board of Directors