Tuesday, 11 October 2011

Conveyancer banned but $2.2m missing

A PROPERTY conveyancer has been banned and forced out of business after failing to account for client funds worth more than $2.2 million.
Consumer Affairs Victoria took Supreme Court action 11 days ago to shut down Helen Kevin's Star Wool Conveyancing business in Barkly Street, Footscray.
Conveyancers handle the legal aspects of property transactions and routinely hold the proceeds of real estate sales in trust funds for clients.
Ms Kevin, also known as Helen Nguyen, acted as a conveyancer for home buyers, many from non-English-speaking backgrounds, despite having her licence suspended since April.
Thirteen of Ms Kevin's clients were owed $2.2 million and other claims were still being assessed, Consumer Affairs said.


Read more: http://www.theage.com.au/victoria/conveyancer-banned-but-22m-missing-20111003-1l5ck.html#ixzz1aTSuGub9