Former Kapiti Coast mortgage broker Kerry Buddle is due to be sentenced in Wellington District Court today after pleading guilty to 27 charges of fraud.
The former owner of Get Smart Mortgages and Insurance, operating under the umbrella of Kiwi Mortgage Market, initially pleaded not guilty to the charges, a mix of theft and obtaining by deception using a document, but in May changed her plea to guilty.
The court was told she defrauded victims out of more than $800,000.
She admitted she persuaded clients who had borrowed money to lend some of it to her.
Buddle closed her office in December 2010 after coming under investigation by lenders and the insurance company she used.
When mortgage payments she had promised to pay went into arrears, some of her clients were forced to sell their homes and others were left struggling to struggling to survive.
She was arrested in September 2012 on 10 charges of obtaining by deception. Each charge carried a jail term of up to seven years, if proven.
In July 2013 she appeared in Wellington District Court facing 27 fraud-related charges and, pleading not guilty, was given a trial date in May this year.
A week before the trial, she appeared in court sobbing and pleaded guilty.
Judge Bruce Davidson remanded her on bail saying that, while home detention would be considered as a sentence, Buddle should not take it as granted.
Her victims say they want justice done and that Buddle should be jailed for the devastating impact she has had on their lives.
- The Dominion Post