Elderly Couple Almost Lose Home To Scam Artists

The Waikato Times has a story of an elderly couple who almost lost their home and suffered ill health due to a mortgage broker / scam artist and a cohort who, in assisting the couple in obtaining a loan to to pay some debts and buy a car, had them sign their property over to a family trust set up by the brokers; they were told no loan repayments would be required because the house was now owned by the trust. Mortgage broker Miles McKelvy and Arden Fatu are reportedly now both in jail for convictions resulting from the fraud investigations in connection with this scam.

For more, see "They pick on the vulnerable" (A retired Huntly couple can again call their home their own after almost losing it when borrowing turned sour) (story no longer available online).