Australian Gambling Boozehound Scams Client Out of $230,000, Heads to Jail

A financial advisor in Australia who was supposed to follow portion a client twist her income into life-saving earnings used it instead to give his alcoholic beverage and gaming lifestyle. He’ll go away to slammer for his crimes, according to The Guardian. But that won’t aid the client convalesce the AU$363,000 (US$230,000) she lost.

In 2010, Walter Scott Hines was workings at the Mildura ramify of consultatory strong ANZ as a financial advisor when he met the soon-to-be victim. After learning that the unidentified woman had dimension and an inheritance of AU$1 gazillion (US$687,600), Hines agreed to help.

He laid come out a financial programme to aid the bingle mother, who was struggling to charge for her handicapped daughter. However, Hines had different plans that would in the end impact the immature girl, hurt from cerebral palsy and epilepsy.

Menace to Others

Hines took $100,000 (US$68,730) from the victim’s calculate and converted it into cash in that he could expend at will. Next, he “borrowed” AU$230,000 (US$158,217) to a greater extent from her calculate later that same year. He used this money as a loan to another customer, fifty-fifty charging the single AU$37,000 (US$25,452) in interest.

ANZ fired Hines in 2012 for serious misconduct followers a break customer incident. However, he continued to running game his cozenage on his client, using her money to make up for his lifestyle and to determine the other case.

He had fill out curb of her bank accounts past April of that year. Hines convinced the woman to start using his new financial provision firm, although he told her to stay fresh it private from ANZ.

He used his debit identity card at an Aussie ironware lay in concatenation to undetermined a swap business relationship called “Department of Defence.” There, he spent more than $10,000. In addition, Hines also stole Centrelink pension money from his dupe to tour on shopping sprees and insure his debts.

Eventually, the 41-year-old con man took check of all of his victim’s bank accounts. When the final tally of the theft was revealed, the dupe was stunned past the amount she lost.

An End to the Run

When the victim realized what was going on, she contacted authorities. Police arrested Hines, who pleaded shamed cobbler's last yr to trine counts of financial advantage by dissimulation from 2011 to 2018.

The dupe claimed she was “emotionally fragile” because of the fraud. In addition, she is stock-still out the money, which she will likely ne'er see. Since 2018, Hines, who admitted to having gaming and intoxicant problems inwards court, has been a landscape painting gardener. This is non the type of job that would earmark him to follow up with hundreds of thousands of dollars quickly.

As he was running his ruse, Hines tried to commit away an appearance of beingness a Boy Scout. In 2011, he worked with the Aussie Air Force Cadets as a volunteer. He was promoted to Commanding Officer at ace point, but the dirt brought that to an end. The chemical group demoted him and and then discharged him finally year.

Judge Trevor Wraight, who presided o'er Hines’ sentencing, ruled that the scammer’s actions were disgusting. He took vantage of two people, ane handicapped and ace vulnerable. As a result, Wraight sentenced him to troika years and fivesome months inward prison. However, after deuce years, he can bespeak parole.

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