A former Inala land operator was sentenced to four years detainment by the Brisbane Magistrates Court today, taking after an Office of Fair Trading examination. Thien Dinh Chau, known as Tony Chau, was discovered liable on criminal accusations identifying with unapproved utilize, withdrawal and misappropriation of lease monies. He was sentenced to four years' detainment, with a base term of 15 months.
On the off chance that Chau was to reoffend inside five years, he would serve the full four year sentence forced by the Court. Mr Chau was the foremost operator of Chau Real Estate, before surrendering his permit in June 2014. He confessed to taking the cash, asserting his business endured fiscally in the wake of the Brisbane surges in 2011. The Court heard Mr Chau misused a sum of $237,503.90 in trust cash.
Rather than paying property proprietors the lease cash inferable from them, he spent the cash on office and individual costs, including betting at different Queensland club. The OFT's examination initiated in the wake of accepting a few objections from proprietors whose investment properties were overseen by Chau. The influenced purchasers saw a huge number of dollars in lease cash not making it to their financial balances, bringing about the OFT solidifying Mr Chau's land office's trust record and grabbing his records as proof.
In sentencing, the Court heard Mr Chau pulled back critical measures of cash from his office's trust account, utilizing it to bet and pay his own home loan. The Court additionally heard that purchasers who really got their lease monies had, on occasion, held up to 10 months. The Court recognized Mr Chau's case he experienced a depressive issue, however said Mr Chau mishandled his position of trust for his own particular purposes, intentionally misrepresented records to attempt to avert identification of his culpable, and just stopped his culpable conduct when protestations were made, and the OFT mediated.
Reasonable Trading Executive Director Brian Bauer said Mr Chau demonstrated an entire absence of respect for the property proprietors' money related occupation. "This kind of conduct is monetarily negative to the property proprietors, as well as essentially undermines the believability of most by far of operators who work morally and legally inside the land business," Mr Bauer said.