Hakan repaid none of the money defrauded from the victim. Civil enforcement and other actions continue against Hakan’s daughter Jeyda Kutup, Eren Kutup (Hakan’s nephew) and others to come. Civil proceedings
Sydney’s Daily Telegraph reported: Click here that Hakan began inventing sales in late 2017 however the slippery slope caught up with him when arrested in late 2019 after he could no longer shuffle the deck chairs and lenders and others began to investigate.
Unfortunately the maximum penalty of imprisonment is just 2 years and Hakan’s guilty plea will no doubt result in a discount, however we think it is a safe bet that Hakan’s (who is also bankrupt) will not be administering a trust account any time soon.
Sentencing of Hakan Kutup is expected sometime around June 2020.
Relatives of Hakan Kutup continue to conduct business in the Illawarra including:
Eren Kutup, nephew and former property manager for Hakan – is self employed at the newly incorporated EK Capital … apparently the re-birth (sometimes referred to as Phoenix-ing?) of EK Property Group Pty Ltd which was placed in receivership some time ago. EK Capital claims to provide property and financial advice, again this would no doubt involve the borrower exposing sensitive financial information to members of the Kutup family and others? EK Capital is an authorised representative of Purple Circle Financial Services, ACL 486112. Eren is a defendant also in the NSW Supreme Court, Possession List matter.
Eren’s father is Allan Kutup. Allan was a director of EK Property Group. Allan and Hakan are brothers. Allan, to the best of our knowledge is a licensed real estate agent and may have worked in Hakan’s business prior to its liquidation. Allan is recorded as working at EK Capital.
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DCP Litigation acknowledges the glacial speed NSW Fairtrading seems to work at? We are considering helping a number of victims to pursue claims. This may involve a class action against NSW Fairtrading. We are also helping clients claim against the government’s Fidelity Fund or via the court’s.