 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! |
Gaming News
Aussie Gambling Addict Steals $21 Million11 September 2002AUSTRALIA – As reported by the Australian Advertiser: "The gambling addict who allegedly stole about $21 million (US$11.5 million) from Alan Scott's business empire was placing bets of $2.5 million (US$1.36 million) a day, the Supreme Court heard yesterday. "Dennis Craig Telford would also lodge telephone bets of $200,000 (US$109,469)in less than 22 seconds, the court was told. "His excessive gambling was almost unheard of in Australia and Mr Telford's bookmaker should have realised the money he was betting was tainted, the court heard. "The revelations were made on the first day of trial between K&S Corp, which is part of the transport and media business empire of Mr Scott, and Mr Telford's bookmaker, Sportingbet Australia. "K&S Corp is suing Sportingbet Australia for $2.68 million, which it claims Mr Telford stole from its company to lodge a bet in April. "…The 39-year-old, of Glenburnie near Mt Gambier, has been described in court as one of the world's most chronic gamblers. "….[K&S Corp's lawyer, Gavin] Griffith said Sportingbet should have suspected that the money was obtained illegally because of the astronomical amounts being gambled. "…But when Mr Telford won money he would not try to reimburse his employer. Instead the money would be fed into the bank account he shared with his wife, he said…" |