Maroubra estate agent intensive correctional order for two years

Maroubra estate agent intensive correctional order for two years
Maroubra estate agent intensive correctional order for two years

A Maroubra real estate agent has been jailed for two years for fraud after admitting to stealing deposits from trust accounts.

Zacharis Gregory Imisides was sentenced earlier this month to two years imprisonment.

It will be served through an intensive correction order, which will see him perform 400 hours of community service work and participate in a rehabilitation psychology program.

The offences occurred between May 2014 and December 2014 in Marourbra, Pagewood and Kingsford.

Zac Imisides was a real estate agent at Century 21.

Minister for Better Regulation Matt Kean said this was another example of a real estate agent “abusing their position and accessing money isn’t theirs”.

“Imisides made transfers after selling seven properties in 2014 but the trust account withdrawals had no connection to the sale of the properties, and he was not authorised to release the sales deposits prior to settlement,” said Mr Kean.

Imisides was disqualified in 2016 from holding a licence or certificate of registration for eight years.

Tags: 
Jail Real Estate Fraud

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