Daily Real Estate Newsletter | A Melbourne real estate agency "stole" several Chinese people down payment for house purchase and was jailed for 20 months
(Louis Ng), Wu Qiyang
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The former broker of LJ Hooker, a well-known Melbourne real estate company, 44-year-old Truc Thanh Nguyen (a.k.a. Judy Nguyen) was sentenced to 20 months in jail for "stealing" a client's down payment.According to court documents, Nguyen admitted that he had illegally transferred the customer’s down payment from a trust account for his own use in 2016, and then secretly transferred it back to the trust account when funds were available, but eventually misappropriated more than 80 due to the shortfall that could not be made up. Client funds in Australian dollars. Participating in this "Ponzi scheme" is Nguyen's husband Tri Duc Ngo (aka Joseph Ngo), who is an addict. According to the judge who heard the case, the money defrauded by Ms. Nguyen involved 11 properties, which were located in Melbourne's prosperous Chinese district and a popular housing estate. These include Glen Waverley, Deer Park, Caroline Springs, Narre Warren, Berwick, Dandenong, Docklands and Parkdale. Judge Michael Bourke said: "For many people, these are not just financial transactions, but blasphemy of customer trust."