Lip Lab founder Kimberley Treacy found not guilty of fraud charges

The co-founder of glamorous beauty empire Lip Lab has been cleared of fraud charges after she was accused of lying to the bank to obtain a home loan.

The co-founder of a national beauty empire has been cleared of all criminal charges against her after a magistrate found her not guilty of lying to a bank about her wage to get a home loan.

Lip Lab co-founder Kimberley Treacy, 31, appeared at Picton Local Court on Wednesday where Magistrate Mark Douglass found her not guilty of two counts of publishing false and misleading material to obtain property and two charges of obtaining property by deception.

Ms Treacy faced a hearing over multiple dates earlier this year where police prosecutor Sharon Danks alleged the beauty empire founder lied to a bank to obtain a home loan.

Kimberley Treacy faced Picton Local Court on Wednesday. Picture: Facebook

She was accused of lying to the bank and tried to have the matter thrown out of court despite a police forensic accountant claiming a $30,000 discrepancy in her wages.

Police alleged the beauty empire founder signed documents knowing the information was false and misleading in regards to a property at 32 Greenbridge Drive, Wilton.

A police accountant told the court the mother-of-two’s wage was at one stage allegedly $30,000 different to the amount she lodged with the Australian Taxation Office.

NSW Police forensic accountant Alice Tran told the court the wage declared to the ATO during financial years 2014 and 2015 were different to the income Ms Treacy received.

Kimberley Treacy outside Campbelltown Local Court in 2019. Picture: Eliza Barr

The most significant difference between Ms Treacy’s wage and what she declared to the ATO was in 2015 with a difference of $33,092, Ms Tran alleged.

Magistrate Douglass told Picton Court on Monday both Ms Treacy and her partner made joint applications to two different financial institutions for two properties.

“I’ve considered the oral evidence given by Detective Senior Constable Naylor, St George bank documents, RAMS mortgage agreement, RAMS loan documents and considered the statement of senior forensic accountants,” Magistrate Douglass said.

Magistrate Douglass told the court in his view the prosecution case was “circumstantial”.

“The prosecution case in my view is weak in relation to establishing the obtaining property component of the elements,” he said.

“In relation to the other offences, in my view they were weak in relation to proving they were false in a material way leading to the obtaining of the property.”

Magistrate Douglass found Ms Treacy not guilty of every offence.