An Auckland woman who took part in a multi-million-dollar mortgage fraud scheme with her husband and another couple was
today sentenced to 12 months home detention after pleading guilty to charges brought by the Serious Fraud Office.
Sian Grant pleaded guilty in August 2022 to four charges of obtaining by deception and one charge of attempting to
obtain by deception.
Mrs Grant’s husband Joshua Grant and his associate Bryan Martin were found guilty in December following a trial for
their part in the scheme.
Mr 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.
Mr Martin used a non-trading entity, Momentum Transition Developments, and created fake employment agreements for Ms
Cotter and Mrs 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 Ms 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 Mrs Grant’s name.
Sentencing for Mr Martin and Mr Grant has been adjourned to 6 April 2023.