Sian Grant pleaded guilty in August 2022 to four charges of obtaining by deception and one charge of attempting to obtain by deception.
Grant’s husband Joshua Grant and his associate Bryan Martin were found guilty in December following a trial for their part in the scheme.
Martin’s former partner, Viki Cotter, pleaded guilty in July 2022 and was sentenced to nine months home detention in January.
Both couples sought to invest in the Auckland property market, however did not have the income needed to secure loans.
Martin used a non-trading entity, Momentum Transition Developments, and created fake employment agreements for Cotter and Sian Grant.
By moving money between their private bank accounts, the group were able to give the impression that they received regular salaries.
Mortgage applications were initially submitted through a brokerage where Cotter was a licensed broker, and later in person.
Fourteen loan applications were made between August 2015 and October 2016 which falsely stated the applicant was employed by Momentum. In total, the four fraudulently obtained $8.7 million in loans. Five of the loan applications were in Sian Grant’s name.
Sentencing for Martin and Joshua Grant has been adjourned to 6 April 2023.
Charges were brought by the Serious Fraud Office.
