PHOTO: ANUJA NADKARNI/STUFF – Lawyer Gang Chen was sentenced to six years in prison.
Two people have been jailed and one sentenced to home detention for their role in a $54 million mortgage fraud scheme which used false documents and fictitious house buyers to rip off three banks.
At the High Court in Auckland on Friday Justice Sarah Katz sentenced the trio after they were found guilty earlier this year of executing the large scale fraud scheme involving 76 properties in Auckland and Hamilton and home loans obtained from banks from late 2011 to late 2013.
In June, following a 12-week trial, the wife of a convicted property developer, Kang Xu, lawyer Gang Chen and former ANZ and BNZ bank employee Zongliang Jiang were found guilty on a number of charges brought by the Serious Fraud Office (SFO) and face 56 convictions.
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