A property agent, engaged to help in the purchase of a condominium unit, misappropriated nearly $600,000 of her client’s money meant for parties including the property developer.
Another criminal breach of trust charge involving the remaining amount was considered during sentencing. In November 2015, the client and her father engaged Liu as a property agent to represent them in the purchase of a unit at The Crest condominium in Prince Charles Crescent near Alexandra Road. Within that period, Liu dishonestly misappropriated the amount and used her ill-gotten gains to buy Louis Vuitton, Christian Louboutin and Hermes luxury goods.
Among other things, the unit’s price was increased to $1.9 million and the purchase had to be completed by June 26, 2018.On five occasions between April 2 and 27, 2018, Liu used messaging application WeChat to send the client images of cashier’s orders, each for between $35,700 and $442,500. But checks later revealed that these cashier’s orders did not exist.
Source: Real Estate Daily Report (realestatedailyreport.net)
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