AU Surry Hills agent Patrick Scott loses gamble
Property Here - Tuesday, August 20, 2013
The former LJ Hooker director was sentenced to 16 months' jail, with a non-parole period of one year Source:News Limited
A SYDNEY real estate agent who laundered nearly $1 million of his clients' money to feed his gambling addiction will spend at least one year behind bars.
Former big-time Surry Hills agent Patrick Scott was jailed this week for siphoning $813,936 from his company's trust account, NSW Fair Trading says.
The former LJ Hooker director was the sole signatory of the account, and moved the money into a personal account set aside for betting.
On one occasion he bet $77,000 from the Sportingbet account in a single day.
His total losses over two years amounted to $518,788.
Scott confessed to NSW Fair Trading investigators in November 2011, telling them he had a gambling problem, before handing over his real estate licence.
He was sentenced in Parramatta Local Court on Wednesday to 16 months' jail, with a non-parole period of one year.
Fair Trading commissioner Rod Stowe said the sentence was fair.
Read more: http://www.news.com.au/realestate/surry-hills-agent-patrick-scott-loses-gamble/story-fncq3era-1226700337502#ixzz2clWaAlJb