A woman at the heart of a $9.2 million mortgage fraud has been found guilty and convicted of nearly all of the charges she faced. Eli Devoy, 47, four of her family members and an associate were on trial earlier this year in the Auckland District Court. Devoy's brothers, Mehrdad Ghorbani and Mehrzad Ghorbani, were found guilty of six charges and four charges respectively of obtaining by deception. The Serious Fraud Office said the scheme involved 11 properties in the Auckland area and amounted to approximately $9.2 million. Properties, in some instances, were sold on the same day for a higher price to a related party.

Source: New Zealand Herald June 16, 2016 22:57 UTC