PHOTO: GUILTY: David Steel leaves the court. Picture: Mark Witte.
A former Cobden real estate agent could face jail over thousands of dollars of trust account fraud.
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.
The charges relate to Steel’s time as director of the real estate company.
Steel and the company also pleaded guilty to a summary offence of failing to lodge bonds within 10 days of the receipt.
A former Cobden real estate agent could face jail over thousands of dollars of trust account fraud.
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.
The charges relate to Steel’s time as director of the real estate company.
Steel and the company also pleaded guilty to a summary offence of failing to lodge bonds within 10 days of the receipt.
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.
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