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Anne Squires facing multiple charges

Anne Squires.
Anne Squires.

Anne Squires, the former owner of shuttered real estate operation Exit Realty on the Rock, is facing criminal charges.

The 57-year-old has been charged with theft over $5,000, fraud over $5,000, forgery and breach of trust. 

Between July 3, 2014, and Dec. 31, 2015, she reportedly stole thousands of dollars from Exit Realty on the Rock.

Also during those dates, according to court documents, Squires — a trustee of 50549 NL Inc., operating as Exit Reality on the Rock — had intent to defraud her trust by converting and converted moneys for a use not authorized by the trust. 

Between Sept. 24, 2015, and Feb. 2, 2016, Squires was said to have defrauded Access Easy Funds Ltd.

Also during those dates, Squires allegedly forged a purchase and sales agreement.

Squires is due to make her first court appearance Jan. 3.

She is already facing several civil lawsuits. 

On Feb. 4 the province’s superintendent of real estate suspended Exit Realty on the Rock’s real estate licence.

A search by police of company offices Feb. 16 resulted in the removal of files and technology by police.

The Royal Newfoundland Constabulary then confirmed there was an ongoing investigation into the company, based on allegations of theft, fraud and breach of trust.

The criminal charges were officially laid Monday.

This past summer, Squires filed an application in provincial court to gain access to property police seized from her.

In a claim filed with the Supreme Court of Newfoundland and Labrador on Sept. 6, Squires says she paid Ron Ellsworth and/or his corporation Ellsworth Holdings $137,412 in interest on a $50,000 loan.

It was an overpayment in interest, she claims, made by cheque and cash.

The payments, according to the written claim, “exceeded permissible Criminal Code interest,” with the interest demand reaching 120 per cent annually.

rmullaley@theyelegram.com
Twitter: TelyCourt

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