Prison sentence for mortgage fraudster
Kang Huang was sentenced to four years and seven months in prison, for 10 criminal charges, in the Auckland High Court today.
The charges, which were bought to court by the Serious Fraud Office (SFO), included eight for obtaining by deception, one for dishonest use of a document and one for corruptly giving consideration to an agent.
Huang, who operated a property development business, was at the centre of a scheme which used false information to fraudulently obtain mortgages from either BNZ or ANZ to purchase 75 properties in Auckland and Hamilton between 2011 and 2015.
He pled guilty to the 10 charges he was facing on 21 December 2017 but was not sentenced until today.
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