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Banker Steals Millions from Bank for Gambling

27 November 2002

AUSTRALIA – As reported by the Australia "Bored and unhappy banker John Main claims he was ignored when he told his employers their auditing system was inadequate.

"So the Melbourne-based worker stole almost $4 million (US$2.2 million) from the Bank of Western Australia over the next 5 and 1/2 years.

"The County Court was yesterday told the talented banker was able to steal $3,952,500 using the very loopholes he had earlier warned his bosses about.

"Main, 48, started by redirecting fees paid to BankWest into his own account then simply set up a credit account from which he pilfered $3 million in less than two years.

"…The court heard that of the $3.9 million he stole, Main actually received $2.65 million and used the rest to cover his tracks.

"Main bought a new car and took an overseas holiday but the bulk of the money went to the TAB, the casino and buying shares in racehorses.

"Main's lawyer, Max Perry, asked Judge Gebhardt for compassion in what he said was a tragic case of a man who had the quinella of both a gambling and drinking problem…"

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