Bed & Breakfast Decision For Clive Peeters

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Clive Peeters management who are struggling to make a dollar in the retail market, will today, have to make a decision a decision as to whether they are prepared to stump up the money for seven more properties that have been purchased by their former Payroll Manager who is currently being investigated for the alleged theft of over $20 Million dollars from the Melbourne based retailer

New evidence reveals that Sonya Causer, who was in the throes of purchasing more than $3M dollars worth of new properties when she was caught allegedly stealing from the retailer, was set to settle on several new properties, among  them, a bed and breakfast property for which she had agreed to pay $830,000.

In the two years that Causer was allegedly stealing over $800,000 a month from the retailer, she had built up a property portfolio of 52 properties across Australia which is today worth in excess of the $20M millions she had stolen from the retailer.

This year alone Causer, who was also a shareholder in the retailer, had paid out over $300,000 in deposits on new properties. She was also collecting over $50,000 a month in rent from the various properties she had purchased.

EVEN properties worth more than $3 million were due to be purchased in coming months by the woman who allegedly stole $20 million from Clive Peeters while working in the company’s payroll department.

The retailer has till 12 noon today had to decide if it would settle and purchase the properties or forfeit the deposits, managing director Greg Smith has admitted.

”We may settle on some, we may not settle on others. We need to evaluate them on a case-by-case basis,” he told the Age newspaper.

 

In new documents lodged with the Supreme Court in Victoria Michael Causer, the husband of mother of three Sonia Causer has been named as a defendant in legal action by Clive Peeters.

According to the Court documents he has been earning over $1000 a month from a business part owned by Sonia Causer trading collectible Beanie Kids – small plush toys that can sell for hundreds of dollars each.

Clive Peeters claim that Causer spent $11,000 of the money she allegedly stole from the retailer to buy Beanie Kids.

Police are yet to lay any charges against Mrs Causer or Mr Causer, although Clive Peeters was ”pursuing civil charges against her”, Mr Smith confirmed.

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