Former mortgage broker admits fraud

Last updated 10:54 13/05/2014
Kerry Buddle
ROSS GIBLIN/Fairfax NZ
GUILTY PLEA: Former Kapiti mortgage broker Kerry Buddle has admitted 27 charges of fraud.

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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.

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