Michael Coutts and Sharon Coutts, co-property managers for Primevest Realty Corporation, faced charges of possession of property obtained by crime over $5000, use, deal or act on a forged document (rent rolls), fraud over $5000, and theft of money over $5000.
The charges arose from alleged fraudulent activities during their employment.
Michael Coutts was found guilty of possession of property obtained by crime, fraud over $5000, and theft over $5000, but acquitted of using forged documents.
Sharon Coutts was found guilty of possession of property obtained by crime, based on the doctrine of wilful blindness, but acquitted of the fraud, theft, and forged document charges.
The court found Michael's testimony not credible and that he diverted rent funds for personal benefit, causing a loss of $148,730.00 to Primevest.
