Man arrested at Auckland border over alleged $1.8m investment fraud
The final defendant in a Serious Fraud Office prosecution over an alleged mortgage and investment fraud scheme has been arrested at the Auckland border after returning to New Zealand, the agency says.
Gerard Peters appeared in the Manukau District Court on Wednesday facing one charge of obtaining by deception related to an alleged $1.8 million investment fraud.
The Serious Fraud Office said Gerard Peters had been overseas since October 2019, and a warrant for his arrest was issued in October 2023. He was arrested on Tuesday upon arriving in Auckland.
He was remanded on bail without plea and is scheduled to next appear in the North Shore District Court on November 23.
Key details:
• Gerard Peters arrested at Auckland border on Tuesday
• Facing one charge of obtaining by deception over alleged $1.8m investment fraud
• Overseas since October 2019, warrant issued in 2023
• Remanded on bail, next appearance November 23 at North Shore District Court
• One of five defendants in wider SFO mortgage and investment fraud case
Gerard Peters is one of five defendants charged by the SFO in relation to the wider scheme, which involved fraudulently obtaining credit and properties.
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