本文发表在 rolia.net 枫下论坛President of real estate brokerage sentenced to one year in jail for Breach of Trust
A Toronto-area real estate brokerage and its president were recently convicted in the Ontario Court of Justice of 22 counts of Breach of Trust under the Real Estate and Business Brokers Act (REBBA).
Sentenced to one year in jail for one count of Breach of Trust was Jerome Anthony Combs of Combs Realty (Ontario) Ltd. in Toronto. Mr. Combs was also sentenced to two months in jail (to be served concurrently with the one-year sentence) for the remaining counts. In addition, Mr. Combs was convicted of acting on behalf of a registered corporation in connection with trades in real estate while not registered as a broker. The court imposed fines of $44,000 against the corporation.
Mr. Combs and the brokerage were initially charged as a result of an investigation conducted by the Real Estate Council of Ontario (RECO), when a routine inspection revealed shortages in the corporation’s Real Estate Trust Account. RECO investigators found that trust monies had been transferred out of the account prior to the closing of real estate transactions. No consumer monies were lost.更多精彩文章及讨论,请光临枫下论坛 rolia.net
A Toronto-area real estate brokerage and its president were recently convicted in the Ontario Court of Justice of 22 counts of Breach of Trust under the Real Estate and Business Brokers Act (REBBA).
Sentenced to one year in jail for one count of Breach of Trust was Jerome Anthony Combs of Combs Realty (Ontario) Ltd. in Toronto. Mr. Combs was also sentenced to two months in jail (to be served concurrently with the one-year sentence) for the remaining counts. In addition, Mr. Combs was convicted of acting on behalf of a registered corporation in connection with trades in real estate while not registered as a broker. The court imposed fines of $44,000 against the corporation.
Mr. Combs and the brokerage were initially charged as a result of an investigation conducted by the Real Estate Council of Ontario (RECO), when a routine inspection revealed shortages in the corporation’s Real Estate Trust Account. RECO investigators found that trust monies had been transferred out of the account prior to the closing of real estate transactions. No consumer monies were lost.更多精彩文章及讨论,请光临枫下论坛 rolia.net