DUB 5.41% 3.9¢ dubber corporation limited

News: DUB Dubber Corp Says Became Aware Of Inconsistencies In Respect Of Funds Held On Behalf Of Co, page-17

  1. 179 Posts.
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    This all begs the question.

    Why did they have their own money in a solicitor's trust account in the first place?

    A trust account is normally used to hold money that's not the solicitor's and not yours -- e.g. the money from a deceased estate before it's been distributed; or the money from a purchaser to buy a house when the purchase hasn't settled yet.

    The use of a trust account by Dubber (or whoever set it up) is in itself suspicious, let alone the fact that the trust was apparently controlled by one person who used it for his own purposes.
 
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