Property spruiker Rick Otton seeks buyer for $3.5 million Bondi Beach house

PHOTO: The Bondi Beach home of Rick Otton.

Property spruiker Rick Otton has put his Bondi Beach semi up for sale less than two weeks after he was slugged with a record $18 million fine for misleading investors about how they could make money buying and selling real estate.

The penalty was the highest ever imposed by the Federal Court for breaches of the Australian Consumer Law and includes a $12 million fine against Mr Otton’s training business We Buy Houses and $6 million against him personally.

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