Gambling addict stole $200k from kinder
1:59pm June 20, 2013
A gambling addict who stole more than $200,000 from a Melbourne kindergarten he was president of was like a fox in a chook pen, a judge has said.
Periclis Telios, 41, stole $224,008 from the Ward Avenue Kindergarten Association in Oakleigh South between February and October 2012.
Telios took steps to get control of the kindergarten's accounts including removing the accountant and organising for a single signatory to be able to withdraw money, the Victorian County Court heard on Thursday.
As of the end of 2011 the kindergarten had approximately $190,000 in a term deposit and $11,375 in a bank account.
Once he took over as president, Telios withdrew just over $200,000 from the accounts and transferred nearly $24,000 to his own account online, the court heard.
Prosecutor Julian Ayres said that by mid-2012 it had become apparent to the kindergarten's treasurer and other committee members that the account had insufficient funds to pay regular expenses and bills.
Telios, who pleaded guilty to a single count of theft, used the money to gamble on, among other things, the AFL, horses and greyhounds.
Judge Carolyn Douglas said Telios knew he had a gambling problem and put himself in a position where he was dealing with money.
"It is like putting a fox in a chook pen," she said.
Telios's barrister Greg Thomas said his client's offending was unsophisticated and Telios used his own passport in dealings with the bank.
Mr Thomas conceded a term of immediate imprisonment was the only available sentence.
Judge Douglas will sentence Telios, of Bentleigh, on July 23.
http://news.ninemsn.com.au/national/2013/06/20/14/03/gambling-addict-stole-200k-from-kinder
Telios took steps to get control of the kindergarten's accounts including removing the accountant and organising for a single signatory to be able to withdraw money, the Victorian County Court heard on Thursday.
As of the end of 2011 the kindergarten had approximately $190,000 in a term deposit and $11,375 in a bank account.
Once he took over as president, Telios withdrew just over $200,000 from the accounts and transferred nearly $24,000 to his own account online, the court heard.
Prosecutor Julian Ayres said that by mid-2012 it had become apparent to the kindergarten's treasurer and other committee members that the account had insufficient funds to pay regular expenses and bills.
Telios, who pleaded guilty to a single count of theft, used the money to gamble on, among other things, the AFL, horses and greyhounds.
Judge Carolyn Douglas said Telios knew he had a gambling problem and put himself in a position where he was dealing with money.
"It is like putting a fox in a chook pen," she said.
Telios's barrister Greg Thomas said his client's offending was unsophisticated and Telios used his own passport in dealings with the bank.
Mr Thomas conceded a term of immediate imprisonment was the only available sentence.
Judge Douglas will sentence Telios, of Bentleigh, on July 23.
http://news.ninemsn.com.au/national/2013/06/20/14/03/gambling-addict-stole-200k-from-kinder
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