Monday, February 06, 2017

Come Up w/ $200K Or You're Going To Jail, Judge Tells Thieving Real Estate Agent Who Accepted Couple's Cash To Apply Towards Proposed Real Estate Buy, Then Kept Money For Himself

In Genesee County, Michigan, the Tri-County Times reports:
  • Thomas (Tommy) Tubbs, 45, of Grand Blanc, the former Fenton real estate agent accused of real estate fraud, may be sentenced to jail time next month if he doesn’t come up with $200,000.

    Investigators with the Genesee County Sheriff’s Office claim Tubbs collected $150,000 from an Atlas Township couple for a real estate transaction, but kept the money for himself.

    Tubbs, who worked for the former Century 21 Park Place in Fenton, was charged with taking money under false pretenses, according to Genesee County court records. He was originally arrested on Aug. 26, 2015.

    During a press conference in March 2016, Genesee County Sheriff Robert Pickell said, “He does not have a drug problem. It doesn’t appear that he has an alcohol problem. He just uses it to live on. He drives nice cars, lives with his parents.

    “The purchase was never completed and they never closed on the residence,” he added. “The residence was eventually purchased by another investment firm.”

    On Aug. 19, 2016, during a pre-trial hearing, Tubbs entered into a plea agreement. He pleaded no contest as charged and requested a deferred sentence in order to allow him to pay restitution in full.

    According to the plea agreement, the prosecutor agreed to reduce the charge to a misdemeanor of larceny $200 to $1,000.

    Sentencing was originally set for Jan. 9, then adjourned to Jan. 26.

    On Jan. 26, Tubbs was led from the courtroom in handcuffs, according to Fox 66 News. He will remain there until he comes up with the money. Tubbs said his father, Jim Tubbs, also a real estate agent, will sell some property to come up with the money.

    If he does not do so by Feb. 10, the next scheduled sentencing date, Judge Geoffrey Neithercut could sentence him to prison.
Source: Tubbs gets one more chance (Has until Feb. 10 to come up with $200,000 or judge says he will be doing prison time). jail prison buy-out

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