Wednesday, April 06, 2016

Cops Bag Real Estate Agent For Allegedly Pocketing Over $100K In Sales Deposits, Then Blowing It On Personal Expenses Instead Of Closing Deals

In Fenton, Michigan, reports:
  • A Grand Blanc real estate agent faces felony charges in two cases after police say he accepted payments for properties but used the money for his own living expenses rather than closing the sales.

    Thomas Tubbs, 45, faces a count of false pretenses -- $100,000 or more in an incident that occurred in 2015. He also faces a count of larceny by conversion -- $20,000 for an incident that occurred in 2013.

    Genesee County Sheriff Robert Pickell said it's believed that Tubbs, in both cases, agreed to sell properties in the Fenton area but instead of closing the sale with the payments, took the money for himself.

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