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Agent who tried to cheat woman, 89, pleads guilty to fraud

A lettings and sales agent has admitted to a court that he tried to cheat an elderly pensioner by buying her flat cheaply in his wife’s name with the hope of re-selling it quickly for a £10,000 profit, and that he failed to disclose a higher offer for the property.

The Wales Online website reports that Stephen John Jones - who until recently ran Conwy Estate Agents - pleaded guilty to fraud by abuse of position by acting against the financial interests of the pensioner who was in a nursing home.

The court heard that the 89 year old owner of a flat in Colwyn Bay was in a nursing home; her flat was advertised in Jones’s agency and was to be sold for £17,000 at the end of 2014. 

But it then emerged that Jones was selling the property to his wife. There was the alleged intention to then enter a so-called back-to-back sale, for as much as £27,000.

However, the sales were halted when the police intervened following a tip-off from the local authority. 

Jones will be sentenced next month. 

You can see the Wales Online report here.


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