Bad broker Buddle changes plea
Former mortgage broker Kerry Buddle has changed her plea to guilty when she appeared in the Wellington District Court this week on fraud charges.
Friday, May 16th 2014, 12:58PM 
4 Comments
Buddle had originally pleaded not guilty to the 27 charges, but changed her plea when she appeared in ahead of her trial.
The trial was due to start next week.
Buddle's Kapiti Coast firm Get Smart Mortgages and Insurance, operated as part of the Kiwi Mortgage Market. Her case has attracted a significant amount of media interest including appearances o television.
The 27 charges relate to about 10 victims who lost in total between $600,000 and $800,000 due to her offending.
She was remanded on bail to allow restorative justice to occur.
Buddle will be sentenced in July.
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Comments from our readers
On 17 May 2014 at 8:31 pm Michael Donovan said:
Can the details of what the claimed 27 charges be accessed at this stage, and can any reader here tell me/us how? Michael On 21 May 2014 at 1:46 pm Brian Klee said:
I know there are some BDM's of insurers out there who approved her agency agreements in spite of past indiscretions. Sadly, another example of potential new business driving decision-making. Perhaps the time has come to establish an industry database of advisers whose agencies have been cancelled. On 22 May 2014 at 9:25 am Amused said:
100% correct Brian. The main insurer she dealt with is owned by a major bank. This bank was actually the first lender to pull her mortgage broking agreement and yet the insurer was happy to keep dealing with her still! Heck they sent her to Hawaii one year.
To add insult to injury the dispute resolution provider she joined didn't have an issue with her becoming a member despite that fact that none of the main banks would deal with her.
An industry database of advisers who agencies have been cancelled would be a good idea and perhaps for those advisers who also do mortgages the status of their mortgage broking agreements should be shared also.
On 22 May 2014 at 1:24 pm Glenn said:
Hopefully she'll get locked up for a year or more for her criminally and morally wrongful doings to clients and to our industry. And that will do her good to also help her lose some of that huge amount of fat she must of gained from spending other people's money!! Sign In to add your comment
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