Letting agent jailed after stealing rents and deposit monies

A letting agent has been jailed after admitting fraud.

Timothy Glasson, who owned Tim Glasson Estate Agents in Camborne, Cornwall, took tenants’ deposits money.

He had also failed to pass rent on to landlords “on numerous occasions”, a court heard.

One of his victims was an 87-year-old woman, living on reduced means and who lost over £2,000 – described as a “small fortune” to her.

The case once again calls into question the lack of controls over letting agents and how they run their businesses, using client money if they wish.

Glasson, who had previously pleaded guilty to ten counts of fraud, was sentenced at Truro Crown Court to 21 months.

Source story from Property Industry Eye

Commenting on this story, John Midgley, Chair of the SAFEagent Steering Group said:

“Yet again we see a case of landlords and tenants being disadvantaged when dealing with an agent who is not covered by a Client Money Protection (CMP) Scheme. We continue to promote the SAFEagent campaign and we urge Government to consider an amendment to the Consumer Rights Bill to make inclusion in a CMP Scheme a mandatory requirement for all lettings and management agents.”

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