Conveyancer facing ban for allegedly misappropriating millions

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14 February 2024
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A conveyancer who allegedly misused more than $4.6 million in client funds is facing a possible ban from the industry after Consumer Affairs Victoria launched disciplinary action against her.

Loan Hong Tran, 53, was based in Avondale Heights working as a sole trader under the registered business name P.T. Conveyancing at the time of the alleged conduct.

We are taking disciplinary action against Tran in the Victorian Civil and Administrative Tribunal (VCAT), on the grounds that she breached her professional obligations under the Conveyancers (Professional Conduct) Regulations 2018.

Tran is also facing separate criminal charges initiated by other law enforcement agencies.

The alleged conduct spanned a period from February 2022 until early 2023, and involved eight clients who engaged Tran’s services to buy or sell property.

After receiving sale proceeds or settlement funds, we allege Tran transferred the money into personal accounts. We also allege she provided receipts to some clients stating the funds had been appropriately deposited into the company’s trust account, when a company trust account did not exist.

Clients have reported being unable to contact Tran despite many attempts over several months, and are currently owed more than $4.6 million.

We are asking VCAT to ban Tran permanently from holding a conveyancer's licence.

Consumer Affairs Victoria Director Nicole Rich said Tran’s alleged actions have had a significant impact on her clients.

‘Clients place their trust in conveyancers to act professionally during one of the most important purchases of their lives,’ Rich said.

‘Taking immediate disciplinary proceedings is important to ensure the public are protected from further poor conduct.’

The application for an inquiry has been submitted to VCAT.

Anyone who is concerned about their dealings with Tran is encouraged to contact Consumer Affairs Victoria for assistance.