Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

Disqualification and jail sentence for thieving Inner West agent

By Eliot Hastie
25 July 2018 | 1 minute read
jail handcuff 1 reb

A real estate agent in Sydney’s Inner West has been convicted of stealing over $200,000 worth of clients’ rental bonds.

The agent, Matthew Thomas Williams, pleaded guilty to dishonestly claiming more than $210,000 from the NSW Rental Bond Board.

Mr Williams claimed the refund of 42 rental bonds and was sentenced to two 15-month jail terms by the Parramatta Local Court.

Advertisement
Advertisement

The terms were suspended, with Mr Williams entering a good behaviour bond and being disqualified from holding a real estate licence for 10 years.

Minister for Innovation and Better Regulation Matthew Kean said that Mr Williams had accessed his clients’ details and had claimed the bond refunds for himself.

“For almost two years, Williams used his position of trust to claim the rental bonds of tenants and used the money primarily for gambling,” Mr Kean said.

Mr Kean added that this behaviour was planned and was only uncovered after a tenant reported it to Fair Trading after requesting a bond refund.

“This kind of behaviour is utterly reproachable. It erodes the trust between real estate agents and tenants and general trust across the industry.”

Mr Williams worked across the areas of Glebe, Darlinghurst and Double Bay and accessed the bonds over a period of two years.

As an estate agent, Mr Williams had access to the Rental Bonds Online system that allowed him to lodge bonds and claim the refunds.

The affected tenants have had their bonds re-lodged or are in the process of being re-lodged with the Rental Bond Board.

Disqualification and jail sentence for thieving Inner West agent
jail handcuff 1 reb
lawyersweekly logo
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.