The high-profile director of a Melbourne real estate agency is facing criminal charges for unlicensed trading and trust account breaches, as Consumer Affairs Victoria continues to crack down on agents who break the law.
Mark Alexander Reuben, 47, of Greenvale, is the sole director of Reuben Family Pty Ltd (trading as Mark Reuben Projects).
It is alleged that between August 2022 and October 2024, Reuben and his company:
- operated without a licence
- failed to properly manage $400,000 in trust money
- failed to complete trust account audits.
Agents who trade without a licence face up to 12 months’ imprisonment or up to $100,000 in fines. Those who fail to deposit trust money into a trust fund or fail to complete audits, risk up to $23,710 per breach, for each year that this applies.
The matter is listed for a hearing on 23 June 2025.