Scoop has an Ethical Paywall
License needed for work use Register

Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Former Financial Adviser Pleads Guilty To Further Dishonesty Offences

Natalie Ann Carter, a former Hawke’s Bay-based mortgage broker, has pleaded guilty to a further three criminal charges brought against her by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko.

Ms Carter faced 15 charges following an investigation into her conduct between 2018-2021. She pleaded guilty to eight of the 15 charges during a court appearance in November. Ms Carter pleaded guilty to a further three charges in the Napier District Court yesterday. The FMA agreed to withdraw the four remaining charges.

The three further charges Ms Carter pleaded guilty are:

  • Making a false document
  • Making false or misleading statements
  • Deceived or attempted to deceive or knowingly mislead the FMA

Ms Carter will be sentenced on all charges in the Napier District Court on 12 March 2024.

Background

Between 2018 and 2020, Ms Carter created various false documents for the purpose of obtaining home loans for herself and two clients. The documents were fake pay slips, contracts and employment verification forms from fictitious employers. In total, seven home loans were applied for, totalling $2.91m in value. At least three of the seven home loan applications were successful to the total value of $1,087,700.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

Ms Carter’s engagement at the Hawke’s Bay-based brokerage was terminated in January 2020. The FMA was subsequently notified of several concerns, prompting an investigation. During the investigation, Ms Carter misled, deceived, or attempted to deceive the FMA about the extent of the alleged offending.

In April 2021, Ms Carter applied to join another brokerage, with the intention of working under the firm’s Financial Advice Provider (FAP) licence as an Authorised Body, through a company that she owned. During the application process, Ms Carter made false or misleading statements on two FMA documents, which must be provided to the FMA where an Authorised Body joins an FAP licence holder. It is alleged that she failed to declare that she was being investigated for dishonesty and misrepresented the nature of the FMA’s investigation.

The lead charge under the Crimes Act carries a maximum penalty of 10 years’ imprisonment. The false or misleading statements charge under the FMC Act carries a maximum penalty of five years’ imprisonment a $200,000 fine, or both. The obstruction charge under the FMA Act carries a maximum penalty of a $300,000 fine.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On National Spreading Panic About The Economy


It is a political strategy as old as time. Scare the public with tales of disaster and stampede them into supporting your ideological agenda because they believe There Is No Alternative. Yet, if the NZ economy truly is as “fragile” as PM Christopher Luxon says it is... Then how come New Zealand has enjoyed a double AA+ credit rating from the international rating agencies for so long? If we have truly been in the thrall of incompetent tax, spend and borrow extremists for the past six years, how come our net government debt burden is only in the middling average of OECD countries, and how come our government debt-to-GDP ratio – however you measure it – is less than half the average for the Asia-Pacific region?..
More


 
 


Labour: Grant Robertson To Retire From Parliament
Labour List MP and former Deputy Prime Minister and Minister of Finance Grant Robertson will retire from Parliament next month, and later in the year take up the position of Vice Chancellor of the University of Otago... More

Government: Budget Will Be Delivered On 30 May

Plans to deliver tax relief to hard-working New Zealanders, rebuild business confidence, and restore the Crown’s finances to order will be unveiled on 30 May, says Nicola Willis... More

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.