On the East coast of Australia, a Gold Coast crook who turned to fraud has been jailed. As his finances collapsed and after being pursued by the police for his unlawful dealing. He will now spend the next six months in jail.
Like many countries, Australia is developing a timeshare industry and is confronted by many fraudsters who peddle their trade on the periphery. In the main, the crooks see easy picking and are settled in building corrupted reselling practices, offering the world, but delivering heartache.
Having just come back for this paradise continents and commenting on Australia timeshare, I was informed by our man in Sydney that Mr Cymon Adam Fontaine aged 49, was sentenced to four years’ imprisonment, to be suspended after six months had been served. The sentence was delivered after he pleading guilty to seven fraud charges in Southport District Court on Friday the day I travelled back.
The court sat and heard that Fontaine had used his position as a timeshare salesman within a timeshare company and had defrauded over $105,910 (£70,000) and from seven clients between April and October 2013, however within months of committing his fraud, he and his partner were living in a broken-down car, parked outside a Gold Coast surf club.
After the collapse of his business enterprise and the failure of his marriage, this crook was jailed in 2008 after trafficking dangerous drugs. Being a previous crook and having a track record, he was employed by the Austrian timeshare industry presumable, either he fitted in nicely in or the check more thorough were abandoned to recruit more timeshare salesmen.
Upon his release from prison in 2010, he lived a modest existence on the Gold Coast, but claimed to have become “disillusioned”. With the ever-increasing demands on him, he obtained employment and began work for Wyndham Vacation Resorts. Mr Fontaine then began obtaining money from clients, using some of the money gained, to pay for his lifestyle expenses. He also used some of the money he got, to invest in a business called Pegasus, which was later discovered to be a “scam” investment scheme. With the money lost, his job caboshed, his home and belongings gone, Mr Fontaine spent two years living in his car.
The Barrister representing him “Mr Adrian Braithwaite” explained to the court that being confronted by Australian Securities and Investments Commission officers he freely confessed and began assisting investigators. In a further explanation, Mr Braithwaite stated his client regretted his actions and was shameful.
The court Judge David Kent QC in his judgement said Fontaine’s co-operation had played a significant part in his time served being reduced.
“It was a breach of trust, a significant amount of money over a fairly small period of time,” and ordered Fontaine to pay compensation to his victims and to Wyndham Vacation Resorts.
Posted on: 3rd March 2017