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Property spruiker Rick Otton drops appeal of record $6M fine
Competition & Consumer Protection 2019-01-30 9:54 pm By Christine Caulfield Melbourne
We Buy Houses' director Rick Otton has withdrawn his appeal of a ruling that slugged him with a $6 million fine for misleading property investors, the highest ever penalty imposed on an individual for breaches of the Australian Consumer Law.
Property spruiker Otton can’t use Bondi estate cash for legal bills, ACCC says
Competition & Consumer Protection 2018-12-20 8:40 pm By Miklos Bolza Sydney
The Australian Competition and Consumer Commission wants to block former We Buy Houses director Rick Otton from using the proceeds from the sale of his $3.6 million Bondi home to help with legal costs and living expenses as he appeals a record $6 million fine for consumer law violations.
We Buy Houses director appeals record $6M fine
Appeals 2018-12-07 10:35 am By Cat Fredenburgh Melbourne
The director of property spruiker We Buy Houses has appealed a record $6 million for misleading property investors with claims they could learn to buy real estate for $1.
ACCC calls for $20M fine against property spruiker We Buy Houses
Competition & Consumer Protection 2018-05-04 10:05 pm By Miklos Bolza Sydney
The Australian Competition and Consumer Commission has asked the Federal Court to hit  We Buy Houses and its owner Richard 'Rick' Otton with $20 million in penalties for duping aspiring property investors with claims that they would learn how to buy a home for $1.