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Hakan Kutup – pleads guilty

Hakan Kutup, source: Illawarra Star - Madeline Crittenden.

As we’ve blogging for some time, now disgraced Wollongong based former Century 21 real estate agent Hakan Kutup has pleaded guilty to fraud, forgery and misappropriation offences at the Wollongong Local Court recently.

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:

Jeyda Kutup, daughter and former property manager for Hakan’s business – was recently working in a motor dealers finance office at Wollongong City Motors, no doubt handling the sensitive financial information of borrowers? Jeyda entered loan guarantees to purchase her father’s former rent roll from its receivers just before the ATO stepped in to liquidate Hakan’s former business. In true Kutup family form, Jeyda now denies her indebtedness … the matter continues before the NSW Supreme Court, Possession List.

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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Hakan Kutup charged with fraud and forgery, appears in court

Hakan Kutup

Hakan Kutup, a former Century 21 real estate agent appeared yesterday in the Wollongong Local Court.  Hakan, of 24 Stradbroke St, Shell Cove, has been the subject of other posts here on this website.  Hakan appeared in court charged in relation to 27 counts involving fraud, forgeries or conversion of money but we understand this number may increase?

How was Hakan Kutup able to carry out alleged crimes?

 

Mark Smith, Director of DC Partners was engaged after the alleged frauds were discovered by the victim, a local funds manager in Sydney.

Mark is the person who reported the matters to NSW Police and NSW Fairtrading.

Mark believe’s that NSW Fairtrading may have been negligent and is co-ordinating a class-action for potential victims of Hakan Kutup.  Class-action participants could include victims of Hakan’s company formerly Century 21 Ultimate Real Estate in Wollongong.

Mark alleges NSW Fairtrading knew or ought to have known about complaints about Hakan Kutup stretching back perhaps more than a decade and failed to investigate.

Mark is organising for those who are interested in joining a class action against the NSW Fairtrading and invites anyone who has lost money – no matter how small to complete the form below.

Interestingly, the Illawarra Mercury / Daily Telegraph hint at potentially more charges against the Kutup family.  It is thought these may relate to the operations of a sales trust by Hakan Kutup?  These publications quote the court that there was uncovered “misappropriated funds” in the sum of $220,515 from a Sales Trust account.

DC Partners is keen to talk to or help any persons that have had negative dealings with the Kutup family now matter how old or recently – please complete our contact form below (joining the class action is optional):

 

NSW Fairtrading class action

join

 

Who is Hakan Kutup?

 

Hakan is:

  • the father of Jeyda Kutup (an estate agent and purported Instagram influencer in the Wollongong area),
  • brother of Allan Kutup (a presently still licensed real estate agent in the Wollongong area) and
  • uncle to Eren Kutup.

Eren and Allan are directors of EK Property Group Pty Ltd, a seemingly unlicensed real estate agent (??? more to come on this front shortly – watch this space) and mortgage broker also operating in the Wollongong area.

Receivers have recently been appointed to EK Property Group over the sum of $600k said to be owed to the above Sydney based money lender (presently before the Sydney District Court, Civil division).  Eren & Jeyda are also personally being sued by the money lender.

 

If readers have other information on the Kutup’s please feel free to complete the below form or email any tips to:  mark@markjsmith.com  or call  1300-327123 (7 days till late).

6 November 2019

 

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Hakan Kutup arrested, what next?

Hakan Kutup

Arrest

DC Partners has been assisting the victim of a crime for some months.

As reported, on 6 September 2019, Hakan KUTUP (“Hakan“) attended Lake Illawarra Police Station.  Hakan participated in an interview and was charged with:

  • 12 x Fraud,
  • 12 x Forgery,
  • 3 x Fraudulent conversion of money.

Hakan was granted strict conditional bail and will appear at Wollongong Local Court on 5 November 2019.

For other victims

DC Partners wishes to encourage anyone who has been a victim of a crime to report these immediately to NSW Police.  Specifically locals in the Illawarra should contact Lake Illawarra Police and detectives at 6 Pioneer Drive, Oak Flats 2529.

But, in addition, DC Partners are separately keen to hear from anyone who may have had past dealings with:

  1. Hakan during his time with ParkTrent Properties (aka Rotten Ron Cross),
  2. Century 21,
  3. Century 21 Ultimate Real Estate or elsewhere.

The previous dealings could be involving persons who have:

  1. not had rental bond’s deposited correctly,
  2. had suspicious charges added that they were not expecting,
  3. made previous complaints to NSW Fairtrading,
  4. received late rental payments,
  5. received no rental payments,
  6. not received rental bonds back at the end of a tenancy or otherwise.

No amount too big or too small.

Hakan’s family in property

Similarly, anyone with any similar experiences when dealing with relatives of Hakan KUTUP may also be of interest?  Other relatives of Hakan Kutup seemingly involved in property include:

Other remedies

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.

In this regard, we are considering a class action for victims of Hakan Kutup perhaps against NSW Fairtrading?

Please complete the contact form to register an interest in joining the class action.  A class action requires a minimum of 7 claimants with the same loss against a common defendant.

NSW Fairtrading class action

join