Peabody Woman Pleads Not Guilty to Embezzlement Charges
The 61-year-old Peabody woman accused of scamming a dozen real estate clients out of more than $200,000 has pleaded not guilty in court.
Farkhanda “Kandy” Tarar Shah has pleaded not guilty to charges she stole more than $200,000 from clients of her former real estate firm. The 61-year-old Peabody resident, who operated K-Realty in Somerville, was indicted and arraigned again earlier this week on charges of felony larceny, fiduciary embezzlement and for being a common and notorious thief, as her case was moved from district court to Middlesex Superior Court. Prosecutors say Shah took at least 12 clients' deposit money for "short sale" real estate deals over a period of two years and used it to pay her own business and personal expenses instead of placing the money in an escrow account as required by state law. The Salem News reports that Shah was released on personal …
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