A bankrupt property developer who used fronts and false information to borrow money as part of a $50 million loan scheme has been found guilty this morning.
Malcolm Duncan Mayer was found guilty of 26 charges in a Serious Fraud Office case - 16 for dishonestly using a document and 10 for using forged documents.
While the SFO brought 36 charges against Mayer, some were bought alternatively, which mean verdicts were not required in the lesser charges (dishonestly using a document) if the more serious charges (use of forged documents) were proven.
The 57-year-old's trial began for a second time in the Auckland District Court in October before Judge Brooke Gibson, who released his verdicts this morning.
The judge is likely to release his written decision outlying the reasons for his verdict some time today.