Author ArchivesAnthony gbadvisers

How to prevent trust account theft at your agency? image

A Sydney real estate agent has been jailed for stealing hundreds of thousands of dollars from her client’s trust accounts, as fair trading authorities crack down on what they say is a growing problem. Louise Catherine Sultana admitted to siphoning $330,000 from the accounts of a Century 21 agency between 2010 and 2012. The pregnant 25-year-old was handed an 18-month jail term with a seven-month non-parole period. She is the latest of a number of agents around the country to be prosecuted for stealing tens of millions of dollars from the trust accounts of unwitting clients. Court documents show some agents caught dipping into trust accounts had drug addictions or gambling problems. In August last year, former LJ Hooker agent ...

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