A person best avoided – Glenn William Cooper

Glenn William Cooper (39) plead guilty in the Manukau District Court yesterday to charges laid by the Serious Fraud Office of dishonestly using a document.

Essentially Cooper, through various associated interests, bought motel units and onsold them contemporaneously to vulnerable pacific islander victims for up to $200,000 more than the amount he had just paid for them, while purporting to be setting them up in a wonderful investment that would consolidate their debt and provide them with a considerable return.

False documents were generated to conceal these vastly inflated margins from purchasers and banks, and the loan applications to banks on the families behalf were likewise untrustworthy.

The SFO has released a media statement in which they describe the case as:

“an example of preying on investors who needed budgeting advice and realistic solutions rather than a scenario of further debt.  The investors were sold on a fantasy that purchasing these investment properties would successfully consolidate debt and solve their problems. Mr Cooper played on the affinity he had built with one family in particular. This has only added to their financial strife. Investors need to remain aware of their vulnerability in such situations.”

The Sunday Star Times has previously reported on the damage caused.


About Ivan McIntosh

I am a partner of Carter Atmore Law...residing in City Road just off the busy thoroughfare of Symonds Street, Auckland, New Zealand....where we are specialist business & property development lawyers, working for both local and international clients. Proud husband to Joanna, and dad to two sons. Passionate rugby supporter. Email: imcintosh@calaw.co.nz Ph: 64 9 921 5026
This entry was posted in Banking & Finance, Commercial Property, Criminal Law, Litigation, Property Law and tagged , , . Bookmark the permalink.

One Response to A person best avoided – Glenn William Cooper

  1. Pingback: Glen William Cooper – convicted. | The City Road Lawyer

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s