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Agent jailed over $370,000 fraud

4 May 2017

A former property manager has been sentenced to 18-months in jail for stealing more than $370,000 from real estate trust accounts.

Mark Anthony Kolodynski, of Panania, pleaded guilty to taking the funds during his employment as a strata manager and rental property manager. At the time of the hearing, Mr Kolodynski’s real estate certificate had expired.

Minister for Innovation and Better Regulation Matt Kean said: “If you choose to do the wrong thing, NSW Fair Trading will come after you, and you will be prosecuted to the full extent of the law.

“This result reflects the hard work of NSW Fair Trading’s investigators who will continue to pursue dodgy operators to protect the community.”

Mr Kolodynski was convicted of taking $129,457 from Peeco Pty Ltd, trading as Harcourts Northern Beaches & Northern Strata, and $243,965.30 from Bevans Wollongong.

Both companies have since reimbursed the corporations’ trust accounts at their own expense. NSW Fair Trading has also disqualified him from holding any real estate credentials for 10 years.