Editor's Pick

the-big-bang-theory-s6-ep18

The Big Bang Theory

Series 6, Episode 18 The Contractual Obligation Implementation 19 Jun 13 00:19:16

Top Shows

Contact ONE News

Former pokie trustee pleads guilty to $365,000 theft

Published: 9:15AM Sunday August 19, 2012 Source: Newstalk ZB / ONE News

  • hand putting money in pokie machine (Source: ONE News)
    hand putting money in pokie machine - Source: ONE News

A former pokie trustee faces up to seven years in jail for stealing money which should have gone to the community.

Shane Alvin Cosgrave switched his plea to guilty three days into his trial, and admitted stealing nearly $365,000 from the South Auckland Community Trust.

In return, Internal Affairs dropped two other charges.

In 2007 the 66-year-old's Trust was denied a new gaming licence because Cosgrave was both a trustee, and being paid to run it. The Trust then sold its operation to the Lion Foundation.

A forensic accountant then found Cosgrave had used trust money to run his own pub, lease a car, and give himself personal loans.

Internal Affairs has welcomed the conviction, saying it sends a clear message to others.

"Gaming machine society trustees are responsible for ensuring that the maximum amount possible is returned to the community," Internal Affairs' Gambling Compliance Director, Debbie Despard said.

"The Gambling Act makes it clear that the purpose of gambling is to benefit communities and those involved with running gaming machines in pubs and clubs are entitled only to costs that are actual, reasonable and necessary."

Last year, Internal Affairs ordered Cosgrave to pay $975,000, but has confirmed it has received nothing.

Advertising

How do you want your news?

  • Mobile Devices

    ONE News is available on iPhone, iPad, and as a mobile site.

  • News Feeds

    See when TVNZ have added new content. You can get the latest headlines anywhere.

  • Podcasts

    Enjoy TVNZ on the move - a wide range of programmes and highlights are available.