Twist for developer’s daughter charged with $150 million financial institution rip-off

September 20, 2023by Naomi Cramer

A glamorous lawyer and daughter of fugitive property developer Jean Nassif intends to use to have the costs towards her thrown out after she was accused of a $150m financial institution rip-off.

Ashlyn Nassif is accused of falsifying paperwork to fulfill a $10.5m pre-sale situation for the Sky View residences in Citadel Hill in Sydney’s northwest.

Police allege the 29-year-old submitted faux contracts to Westpac Financial institution over three months in late 2021 to acquire a $150m mortgage to fund three of the 5 Skyview towers, or about 900 residences.

The $900m condo tower advanced was being constructed by her father’s improvement firm, Toplace. The corporate has since collapsed with excellent money owed of greater than $1.24bn.

Digicam IconAshlyn Nassif allegedly equipped a financial institution with faux pre-sales contracts so as to receive a $150m financial institution mortgage. NCA NewsWire / Gaye Gerard Credit score: Information Corp Australia

The lawyer has been charged with dishonestly acquiring a monetary benefit by deception and publishing false or deceptive materials after she allegedly submitted faux contracts to acquire a $150m financial institution mortgage.

On Wednesday, her lawyer Warwick Korn informed Burwood Native Court there had been prolonged delays in continuing with the matter.

“The temporary was served virtually three months in the past,” he stated.

“On the subsequent adjournment we might be making use of to discharge if one thing doesn’t transfer alongside.”

If Mr Korn makes the appliance and it succeeds, the costs towards Ms Nassif can be dismissed.

He famous his client had endured prolonged delays and has been unable to work as a solicitor since she was arrested in February.

Crown prosecutor Hannah Purcell defined an additional eight weeks was wanted to “tackle the complexity” of Ms Nassif’s matter.

She allegedly used the loan to help her father build one of Sydney’s biggest apartment projects. Facebook
Digicam IconShe allegedly used the mortgage to assist her father construct one in every of Sydney’s largest condo initiatives. Fb Credit score: Provided
The 29-year-old was arrested earlier this year. Facebook
Digicam IconThe 29-year-old was arrested earlier this 12 months. Fb Credit score: Provided

She informed the court there have been a dozen lever arch folders crammed with materials associated to the allegations, together with in depth monetary information.

Justice of the Peace Vivien Swain agreed to adjourn Ms Nassif’s matter till November because of “the complexity of the matter and the dimensions of the temporary”.

Nevertheless, she emphasised there was “some urgency” to the proceedings as a result of Ms Nassif was unable to work within the meantime.

“The crown is on discover,” Ms Swain warned.

On the time of the alleged multimillion greenback rip-off, Ms Nassif was a authorized practitioner within the NSW Supreme Court and a associate at regulation agency EA Authorized.

There isn’t any suggestion of wrongdoing by the agency, and Ms Nassif was suspended from practising regulation by the NSW Legislation Society after the costs had been laid.

Ashlyn is the daughter of controversial property developer Jean Nassif. Instagram
Digicam IconAshlyn is the daughter of controversial property developer Jean Nassif. Instagram Credit score: Provided

She could possibly be reinstated, pending the end result of the prison expenses laid towards her.

The EA Authorized workplace was one in every of 4 properties raided by police previous to Ms Nassif’s arrest earlier this 12 months.

She was granted bail in Could after her family deposited a $2.6m surety to make sure she would seem in court.

As a part of her bail circumstances, she shouldn’t be permitted to contact dozens of people who find themselves allegedly related to the allegations towards her, together with her property developer father.

Ms Nassif shouldn’t be charged as his daughter’s co-accused, however police have issued a warrant for his arrest over the identical allegedly fraudulent $150m mortgage.

The embattled property developer is at present a fugitive and believed to be residing in Lebanon.

His daughter’s authorized battle comes two years after consumers had been blocked from shifting into the Skyview residences.

Digicam IconThe lawyer has been unable to work whereas the proceedings are ongoing. Image NCA NewsWire / Gaye Gerard Credit score: Information Corp Australia
Digicam IconShe is at present on bail. Image NCA NewsWire / Gaye Gerard Credit score: Information Corp Australia

Tenants had been in a position to occupy their houses in 2021 after the NSW Constructing Commissioner discovered structural points within the constructing.

NSW Truthful Buying and selling suspended Mr Nassif’s improvement licence for 10 years and cancelled the constructing licence of Toplace after they had been discovered responsible of improper conduct.

The controversial developer fought the choice and was allowed to proceed to function below the situation the enterprise doesn’t settle for any new contracts with out permission.

Nevertheless, the ban was reinstated in July and Toplace subsequently went into administration.

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by Naomi Cramer

Auckland Lawyer for FIRST TIME Offenders Seeking to Avoid a Conviction. Family Law Expert in Child Care Custody Disputes. If you are facing Court Naomi will make you feel comfortable every step of the way.  As a consummate professional your goals become hers, with customer service as our top priority. It has always been Naomi’s philosophy to approach whatever you do in life with bold enthusiasm and pure dedication. Complement this with her genuine passion for equal justice and rights for all and you have the formula for success. Naomi is a highly skilled Court lawyer having practised for more than 20 years. She serves the greater Auckland region and can travel to represent clients throughout NZ With extensive experience, an analytical eye for detail, and continuing legal education Naomi’s skill set will maximise your legal rights whilst offering a holistic approach that best fits your individual needs. This is further enhanced with her high level of support and understanding. Naomi will redefine what you expect from your legal professional, facilitating a seamless experience from start to finish.   Her approachable and adaptive demeanor serves her well when working with the diverse cultures that make up the Auckland region. Blend her open and honest approach to her transparent process and you can see why she routinely delivers the satisfying results her clients deserve. If you want to maximise your legal rights, we recommend you book an appointment with Naomi today so she can detail the steps for you to achieve your goals. 

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