Press Release – Serious Fraud Office
In the Manukau District Court today, Shane Charles Wenzel (51) was sentenced to three years’ imprisonment. Mr Wenzel was found guilty of eight charges in October of using documents dishonestly with intent to obtain a pecuniary advantage, and using a document with intent to defraud (for offences occurring pre-October 2003) brought by the Serious Fraud Office (SFO).
The charges related to dishonest loan applications arising from the sale and purchase of properties in South Auckland during the significant upturn in the property market between May 2003 and October 2004.
Acting SFO Chief Executive, Mr Simon McArley said, “Crimes of this type have a big impact on vulnerable investors. The loss of their investment funds will have irrevocably changed their lives. We remain deeply concerned for all his victims. We will continue to lead the investigation and prosecution of this type of high impact financial crime.”