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PHOTO: GUILTY: David Steel leaves the court. Picture: Mark Witte.<\/strong><\/p>\n A former Cobden real estate agent could face jail over thousands of dollars of trust account fraud.<\/p>\n<\/div>\n<\/div>\n David Steel, 57, now of Vietnam, and his company Realestate Property Pty Ltd, pleaded guilty in Warrnambool County Court to 37 rolled-up charges, including fraud-related offences and trust account deficiencies.<\/p>\n<\/div>\n<\/div>\n The charges relate to Steel’s time as director of the real estate company.<\/p>\n<\/div>\n<\/div>\n Steel and the company also pleaded guilty to a summary offence of failing to lodge bonds within 10 days of the receipt.<\/p>\n<\/div>\n<\/div>\n A former Cobden real estate agent could face jail over thousands of dollars of trust account fraud.<\/p>\n<\/div>\n<\/div>\n David Steel, 57, now of Vietnam, and his company Realestate Property Pty Ltd, pleaded guilty in Warrnambool County Court to 37 rolled-up charges, including fraud-related offences and trust account deficiencies.<\/p>\n<\/div>\n<\/div>\n The charges relate to Steel’s time as director of the real estate company.<\/p>\n<\/div>\n<\/div>\n Steel and the company also pleaded guilty to a summary offence of failing to lodge bonds within 10 days of the receipt.<\/p>\n<\/div>\n<\/div>\n The court heard that between February 2, 2015 and January 16, 2017, Steel received rental payments worth $303,893.60 for landlords from at least 34 different properties in Victoria.<\/p>\n READ MORE VIA STANDARD<\/p>\n