Simon Turnbull jailed for role in $33 million mortgage fraudLAWRENCE SMITH/FAIRFAX NZ Simon Turnbull left the country in 2014, failing to show up for his first court appearance to answer fraud charges. Mortgage fraudster Simon Lawrence Wood Turnbull has been sentenced to jail for his part in a $33 million mortgage fraud. MICHAEL BRADLEY/FAIRFAX NZ Serious Fraud Office director Julie Read says the sentence sends a message to keep the housing market honest. He was involved in a mortgage fraud where false loan applications were submitted to a fund management company to buy properties in and around Auckland. Turnbull had left the country in early 2008 but was charged by the Serious Fraud Office in 2014.

Source: Stuff November 18, 2016 05:00 UTC