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The Guardian - AU
The Guardian - AU
National
Stephanie Convery

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

man holding mobile phone with betting app open
Advocates say gambling companies should have to return money stolen and then used for gambling. Photograph: andresr/Getty Images

In 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.

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