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
Skellerup achieves another record result
August 21st Morning Report
Me Today signals capital raise and provides trading update
Seeka Announces Interim Result and Updates Guidance
FBU - Fletcher Building announces FY25 Results
August 20th Morning Report
RUA - New Zealand grown products support Rua's global strategy
Devon Funds Morning Note - 19 August 2025
Seeka Announces 15 cent Dividend
MCY - Major renewable build advanced despite 10% earnings dip