The case involving former real estate company owner Anne Squires was heard in St. John’s Supreme Court today.
In the Agreed Statement of Facts, Squires admitted to submitting 33 fraudulent purchase and sale agreements to Access Easy Cash. The court document showed that the properties involved did not exist.
Access Easy Cash, which gives commission advances to real estate agents, claims it paid almost $500,000 to Squires and her company, Exit Realty on the Rock.
The court also heard that Squires instructed her office manager to prepare and submit the documents which date back as a far as September of 2015.
In early 2016, police became aware of the situation when someone complained of irregularities with a trust account that should have had a balance of over $120,000.
Back in April, Squires entered guilty pleas to charges of theft, fraud, forgery and breach of trust. She will be sentenced on December 19.