first_imgHome » News » Agencies & People » Former letting agent jailed after failing to protect rental deposits previous nextAgencies & PeopleFormer letting agent jailed after failing to protect rental depositsAndre Montaut falsified documents sent to MyDeposits about Barrington Properties’ supposedly ring-fenced account.Nigel Lewis30th August 201901,324 Views A former operator of a failed estate agency has been jailed for two years and a month after police discovered that he had used tenants’ rental deposits to prop up the ailing business.Between May 2011 and November 2012 when Andre Montaut (pictured, above) worked at Barrington Property in Chalfont-St-Giles, Buckinghamshire, during which he directed rental deposits to an account he controlled, rather than lodging the funds properly via the recognised deposit protection scheme the business was a member of.On 1st November 2012 Barrington Property shut up shop and it subsequently emerged that deposits totalling £70,000 belonging to 26 tenants had gone missing.Montaut was supposed to have protected the tenants’ cash via MyDeposits, but had falsified documentation to suggest he had over £140,000 within a ring -fenced account.“Montaut provided the fraudulent statements to MyDeposits in order to disguise the fact that the deposits were not being held in the segregated account, to maintain his membership of the scheme and to continue trading,” says a Thames Valley spokesperson.No remorseAfter a lengthy investigation by the force, Montaut was charged in June this year and is said by the investigating officers to have shown ‘no remorse’ over the missing cash.“Montaut breached the trust placed in him by his clients,” says Detective Constable Ashley Ruane.“Let this be a lesson to any estate agents who fail to protect the financial interests of their clients for their own benefit.”MYDEPOSITS tenancy deposits August 30, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more