Guilty plea from mortgage fraudster
The Serious Fraud Office (SFO) has confirmed that Auckland property developer Kang Huang plead guilty to 10 charges in the Auckland High Court on December 20.
The charges included eight for obtaining by deception, one for dishonest use of a document and one for corruptly giving consideration to an agent.
Huang was one of four people whom the SFO alleged used false information to fraudulently obtain mortgages from either BNZ or ANZ to purchase 76 properties in Auckland and Hamilton between 2011 and 2015.
His co-accused are all pleading not guilty and are set to go to trial on February 26.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
