A real estate lawyer has been accused of duping his former clients and selling a $150 million property without disclosing the sale to the local government.
Key points:Former real estate agent, Paul Degges, has been charged with fraud over $150m saleThe property, which is owned by a family trust, was sold for $1.7 million to Mr Deggis, who is now on bailThe former agent, who had previously been a member of the board of the Australian Real Estate Association, is charged with six counts of fraud over the saleThe alleged fraud, which was alleged in court documents, took place between 2014 and 2018, the court documents say.
The charges relate to the sale of the Bayswater property to Mr degges and his brother, who are now in the custody of NSW Police.
The court documents allege that Mr degens brother, David Deggens, sold the property to him in August 2019.
He was later arrested by NSW Police in October 2018, accused of a fraud conspiracy involving the property and Mr deegens, and charged with three counts of misconduct in a public office.
Mr deggis was also charged with a fraud over a $1 million purchase of the property in December 2019.
“He was the real estate executive in charge of the sale and had direct knowledge of the circumstances surrounding the sale,” Detective Senior Sergeant Andrew Rigg said.
“There was also a relationship with Mr degais where the brother was able to buy the property for the deggises, who were also in charge.”
Mr degesss brother and the degaises, the degises and his sister are also alleged to have acted as brokers for the brothers.
“Mr deeges’ lawyer, Chris Meehan, said he was unaware of the charges and did not know of any wrongdoing.”
We are shocked and saddened to hear of this,” he said.
The former agents’ lawyer has denied the charges.”
In an interview with Fairfax Media, Mr deGess’s lawyer said the realtor had never been accused by the police or the courts of a crime.””
The charges were not true, it was just a very sad situation.”
In an interview with Fairfax Media, Mr deGess’s lawyer said the realtor had never been accused by the police or the courts of a crime.
“They are all liars,” he told the ABC.
“This is a fraud case, it’s not about me, it is about the integrity of the profession.”
Mr Deggs was released from custody on bail until he appears in the NSW Supreme Court on November 12.
Topics:law-crime-and-justice,business-economics-and,courts-and-(prosecutions)—state-issues,crime,law-government,sunday-herald,federal—state—sydney-2000,nsw,australiaFirst posted November 14, 2020 11:14:18Contact Sam NewmanMore stories from New South Wales