Suspended Edgecliff solicitor Mark O'Brien sells Bondi Junction home
Suspended Edgecliff solicitor Mark O'Brien, who is being investigated over claims he misappropriated almost $6 million in trust money, has sold his Bondi Junction home.
O'Brien and wife Therese paid $3,425,000 for the home less than 12 months ago. It was mortgage free.
It sold after spending nearly three months on the market through Sydney Sotheby's agent Joseph Raskin, who didn't offer a price guidance.
Mark Leo O'Brien, who until recently worked at Edgecliff firm Harrington Maguire and O'Brien, has been suspended from practising after his business partner became wary of his ability to afford a $3.4 million Bondi Junction home.
There was an application before Supreme Court by the Law Society of NSW applied to freeze the assets.
"Facts incidentally came to the attention of the solicitor's law partner who, knowing intimately the profitability of the practice, was set to wondering about how his law partner had been able to afford an expensive new house at Bondi," Justice Campbell said in an April 4 judgment.
The O'Briens offered to pay the net proceeds of the sale of the property to the Law Society.
This article was first published in the Sunday Telegraph.