The partner of a WA bikie has been found
guilty of stealing trust fund money
belonging to the children of a rival gang
member and associate.
was accused of taking $54,000 out of the
trust fund accounts and using the money to
help buy a property that became a clubhouse
for the Finks motorcycle gang.
Troy Mercanti had joined the gang after
being thrown out of the Coffin Cheaters.
The trust fund
money belonged to the daughters of a member
and an associate of the Coffin Cheaters gang
who had both died.
found guilty of four stealing charges and a
fifth count of property laundering.
Mercanti's partner guilty of
stealing from bikie trust fund
November 26, 2010 - 8:32AM
Kingdon. Photo: Courtesy Channel Ten
deliberated for only three hours before
convicting the partner of a notorious Perth
bikie of stealing trust fund money set aside
for the daughters of two dead Coffin
Cheaters gang members.
Kingdon, partner of Finks member Troy
Mercanti, was yesterday found guilty on four
counts of stealing and one count of property
laundering before District Court Judge Henry
Wisbey. She was granted bail because she is
the sole carer of two children and will be
sentenced on December 21.
Perth District Court accused of the theft of
more than $53,500 from four Commonwealth
Bank trust accounts set up after Marc
Chabriere was gunned down in 1998 and
Richard Vickers was killed in 2000.
At the time
Mercanti was a member of the Coffin Cheaters
and a best friend of Mr Vickers, leading to
Kingdon becoming trustee of the accounts.
later ousted from the club after falling out
with members and became a nominee of the
rival Finks gang in 2008, seven years after
the accounts were established.
2008, Kingdon withdrew all the money,
putting it into one account in her name and
using it to buy a property in Balga. That
property was leased to the Finks two months
later, who used it for their headquarters.
barrister Stephen Shirrefs yesterday told
the jury his client did not steal the money
because she was the assigned trustee and
used her judgement to invest the money in
property during the Global Financial Crisis.
"We have no
evidence at all as to the nature or terms
for the money that she held in trust," Mr
He said the
Trustee Act 1962 did not prevent his client
from combining the trust fund money with
other funds and investing it in real estate.
prosecutor Carmel Barbagallo said buying the
property was an "investment in trouble" and
that Ms Kingdon's loyalties changed after
her partner defected to the Finks.