Guilty admission from mortgage fraudster caught up in $50m case involving ANZ, BNZ and 76 properties around Auckland and Hamilton

And a bloody nother one making a mockery of NZ laws and regulations. Those "houses" in Tamahere should never have been approved, there are two more of the monstrosities on Gordonton Rd.

If you allow in immigrants from countries where there exists high levels of corruption then it should come as no surprise that corruption will increase in your own country. It is a cultural thing unfortunately. Laws need to be vigorously enforced. Immigrants should be advised early on that corruption is no joke.

That said you would think, as a mental exercise, it would have been jolly sensible to only allow immigration from countries that are similar to your own in regard to rule of law. Decisions concerning immigration should be business-like. A country should not operate as a charity for other countries. Businesses don't act as charities for other businesses. New employees are chosen for their credentials and experience. Someone born and bred in a society with high rule of law has been trained since birth as a good citizen. After all every poverty stricken country has lax laws, or no law, lawless even, as well as super rich individuals who seem to care not a jot for their own people and will put on multi-million dollar weddings for their children while countrymen starve in the street. No, it should be strictly business, focusing on what is beneficial to your own people or in a sense the health of your most important business, the welfare of your own people. This would allow every country to be potentially eligible as an immigrant source if they improve their scores. It's entirely up to them.

So I propose only allowing immigrants from countries that are higher up then you on the Rule of Law index as well as those that are within 0.1 point below. Currently for NZ which has a score of 0.83 this would be in order of best to worst, Denmark, Norway, Finland, Sweden, Netherlands, Germany, Austria, Singapore, UK, Canada, Belgium, Estonia, Japan, Hong Kong, USA, Czech Republic and South Korea. Of course rampant globalization has meant that many citizens of these countries are not natives so it should probably be restricted to those who have parents who were born in their respective countries.

Of course this would be entirely unacceptable to those that run things however I'm pretty sure if things were run by an A.I super-computer this model or an even stricter one would be followed.
However they seem to have no problem with wealth being a determining factor. My theory is on par with the current system where you need a visa to visit certain countries. If you don't need a visa you are regarded as coming from a country with a high level of rule of law. The EU was based on this model as well as the Commonwealth.

I am so sick of reading about these types of immigrants abusing and ruining my country. For the love of God stop them coming here.

You would hope that this is a one off case or maybe more of this is going on in this country. Investigation might be required for more mortgage fraud.

House , sorry "Investment" is up for "Mortgagee Auction' a bargain...for some poor unsuspecting soul.

Wow Fifty Million Dollar fraud . They should serve their sentences on the Kermadec islands , preferably without blankets .

To save it costing us another $100,000 a year to keep them in prison , feed them and have them watching the full suite of over 100 CCTV channels out of China , at my cost , they should be imprisoned on the Kermadecs .

We can ill afford to have such rogues wreaking havoc with our housing market ,Can you imagine the extent to which our property market has been distorted by rogues gaming the system ?

And another question , how long have these crooks been here , and how did they even get in here ? Did they enter the country on a "Business class "visa or as "investors"?

I hope the Crown hands down appropriately long sentences to send a clear message to anyone who thinks they can do this sort of thing and get away with it .

The positive outcome is these guys got caught. They think we and our systems are naieve & loose reapectively, when in fact they are based on self accountability and trust. Their corrupt governments and systems perpetuate rule breaking behaviour so when they see an open system it becomes an open season on the people of nz. Glad the govt are keeping an eye out an persecuting.

Why does this not surprise me’
Bank culture is lend lend lend on property over everything else
Plenty are hiring multi lingual people to tap into our open market without a concern on how they make there targets more rewarding them for making above targets.
You have to look at the whole system to see this
A. Is not a one off
B. How much more is there trying to be hushed up by the banks to save face
C. How to change this culture

The other thing is just because some comes from a corrupt country or has a predisposition to corruption does not mean they should be able to so easily game the system. We need to make sure you have robust systems in place to check this does not occur, which unfortunately is not the case in NZ

I'll bet anyone that these dishonest crooks were also dishonest in their immigration applications .

If they cheated or lied in their immigration application , we have good grounds to deport them .

We should cut our losses and instead of jailing them at taxpayers expense , simply deport them back to the place from whence they have come .

If I remember correctly, NZIS was under Internal Affairs portfolio. But, National had other ideas about immigration.So John Key & his merry men ( and women, too) relocated NZIS under Ministry of Business, Innovation & Employment.

So immigration is less concerned with national security as it is with the dollars that migrants can bring in.

Has there been any research to see what investment benefits the so-called Investor & Investor-Plus categories of migrants have brought to the country, leave alone filing IRD returns.

Would not be surprised be if some millionaires when applications for visas were filed to metamorphose into paupers with Nil income once they took up residence here

The findings may have been politically embarassing then, but it should not be to the new government