NSW strata manager jailed for money theft
9News
By AAP
03 May 2017

A former Sydney property manager will spend at least 12 months in jail for stealing more than $370,000 from real estate trust accounts to bet at the TAB.

Mark Kolodynski pleaded guilty in a Parramatta court to taking the funds during his employment as a strata manager and rental property manager, after NSW Fair Trading uncovered his "systematic and unlawful conversion" of trust money for personal use.

The court heard 29-year-old created fictitious expenses to cover his illegal activity and made regular payments to an account at a "well-known betting agency", said NSW Minister for Better Regulation Matt Kean on Wednesday.

Kolodynski was convicted of taking $129,457 from Harcourts Northern Beaches & Northern Strata, and $243,965 from Bevans Wollongong real estate agency.

Both companies have since reimbursed the corporations' trust accounts at their own expense.

Kolodynski was sentenced to 18 months in jail with a 12-month non-parole period.

Fair Trading has also disqualified him from holding any real estate credentials for 10 years.

Mr Kean says the prosecution serves as a timely warning to anyone thinking about stealing hard-earned money.

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