AustralasiaBusinessFeaturesGlobal IssuesPoliticsSocietyWorld

Proceeds of crime: gambling firms keep millions when Australians steal to fund addiction

When gambling addicts steal hundreds of thousands of dollars for losing bets, the victims of theft have little recourse.

Advocates say that must change

  • Stephanie Convery
  • The Guardian

n 2018 a 27-year-old Tasmanian assistant financial accountant was convicted of multiple counts of fraud after stealing $292,955, most of it from his employer.

The court heard the man had committed the fraud to fund a gambling addiction, pouring the stolen money into a Sportsbet account, whereupon he lost it all. He was sentenced to jail and was issued with compensation orders, despite being deeply in debt.

Sportsbet kept the money.

In 2021 a…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button