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Bank loses on multi-million dollar mortgage fraud

Kiwibank has netted a loss of $406,000 from its exposure to a multi-million dollar “rebated” bank mortgage fraud case, involving about 40 inner-city Auckland apartments.The loss was revealed last week at the sentencing, in the Auckland Distric

Georgina Bond
Wed, 15 Sep 2010

Kiwibank has netted a loss of $406,000 from its exposure to a multi-million dollar “rebated” bank mortgage fraud case, involving about 40 inner-city Auckland apartments.

The loss was revealed last week at the sentencing, in the Auckland District Court, of one of the parties involved in the fraud, in

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Georgina Bond
Wed, 15 Sep 2010
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Bank loses on multi-million dollar mortgage fraud
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