The Manukau District Court found Shane Charles Wenzel (51) of eight charges brought by the Serious Fraud Office (SFO) on October 16.
The Court also ruled that the defendant was not guilty of 12 charges.
Mr Wenzel was facing 17 charges under Section 228(b) of the Crimes Act of using documents dishonestly with intent to obtain a pecuniary advantage, and two charges under Section 229A of using a document with intent to defraud (for offences occurring pre October 2003).
In addition, Mr Wenzel faced a charge under Section 45 of the Serious Fraud Office Act, of failing to comply with a notice issued by the Office. He was found not guilty of this charge.
The other charges relate to dishonest loan applications arising from the sale and purchase of properties in South Auckland during the significant upturn in the property market between May 2003 and October 2004.
Acting SFO Chief Executive, Simon McArley said, “Shane Wenzel encouraged loan applicants to submit false documents to lenders. It is important that offenders be brought to account for such conduct.”
Mr Wenzel will reappear at the District Court for sentencing on November 23.
Source: Serious Fraud Office Press Release
