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Former Mortgage Broker Admits Fraud

stuff.co.nz | May 13, 2014

Former Kapiti Coast mortgage broker Kerry Buddle broke down in tears as she plead guilty to 27 charges of fraud this morning.

The former owner of Get Smart Mortgages and Insurance, operating under the umbrella of Kiwi Mortgage Market, initially pleaded not guilty and was due to go on trial next week.

In Wellington District Court this morning, her lawyer Marty Robinson told Judge Bruce Davidson that Buddle had changed her plea to guilty and he would be seeking restorative justice meetings with the victims.

Buddle quietly sobbed and was offered tissues by court security as each charge was read out.

The charges were a mix of obtaining by deception using a document, and theft.

Buddle has admitted to persuading clients who had borrowed money to lend some to her. The amount she deceived victims of was more than $800,000, the court was told.

Judge Davidson remanded Buddle on bail and asked that a pre-sentence report and victim impact statements be taken before sentencing on July 18.

He said that while home detention would be considered at sentencing, Buddle should not take it as granted.

Bail was renewed in order to allow Buddle to attend restorative justice meetings.

 

Back to May 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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