So apparently you can commit mortgage fraud in this country and not even see any jail time:
Mortgage fraud earns Ramni Kumar home detention
MATT NIPPERT
Last updated 13:44 02/04/2014
A woman who enabled $3.9 million of mortgage fraud and saddled low-income borrowers with an artificially high level of debt, was sentenced this morning to 12 months home detention.
Ramni Kumar pleaded guilty in January in the Auckland District Court to 10 charges brought by the Serious Fraud Office (SFO) of dishonestly using a document.
The offending related to the purchase of 10 properties in the second half of 2010 and targeted banks and low-income families who did not qualify for finance.
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The offending related to the purchase of 10 properties in the second half of 2010 and targeted banks and low-income families who did not qualify for finance.
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