Former Wiseberry Penrith estate agent convicted of trust fund misappropriation

Former Wiseberry Penrith estate agent convicted of trust fund misappropriation
Former Wiseberry Penrith estate agent convicted of trust fund misappropriation

A former Wiseberry Penrith real estate agent, Christopher Black, has been convicted of trust account fraud.

He misused more than $124,000 after the sale of two homes.

Black also pleaded guilty to failing to keep deposits for the two properties, worth more than $158,000, in a trust account.

Minister for Better Regulation Matt Kean said Black misused the money for personal use. 

“Black had no authority to withdraw money out of the company trust account.” 

Black was sentenced to 18 months imprisonment, to be served by intensive correction order, with a condition that he completes 400 hours of community service and undertakes mental health treatment.

He has the right to lodge an appeal.

Wiseberry Penrith has been under new management since March 2017.

Tags: 
Penrith Trust Fund

Comments

Be the first one to comment on this article
What would you like to say about this project?