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Woman steals $600K from Aged Care residents

Publisher
Austlii
Date published
December 2019

Relevant impacts: Human impact, financial impact and business impact

A Melbourne woman was convicted of fraud after using $600,000 worth of resident’s deposits from an Aged Care facility. The company went into liquidation shortly afterwards leaving 42 residents without a home and debts of $4.5 million. She deceived residents when she told them their deposit money would be held in a trust account and that interest gained from the money would be used to reduce accommodation fees.

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