|The Australian Supreme Court has heard that Dennis Craig Telford, 39, of Glenburnie, has allegedly stolen about $21 million (US$11.5 million) from his employer, K&S Corporation, owned by business tycoon Alan Scott. Telford was allegedly placing bets of $2.5 million (US$1.36 million) a day and lodging phone bets of $200,000 (US$109,469) in less than 22 seconds, the court was told. |
His bookmaker, Sportingbet Australia, had no comment. K&S is suing Sportingbet Australia for the recovery of $2.68 million it claims Telford stole from K&S on one bet in April. Gavin Griffith, attorney for K&S, argued that the betting firm should have become suspicious of such large sums being lodged by an individual.
Described in court as “one of the world's most chronic gamblers,” Telford made no apparent effort to return any of his occasional winnings to K&S. The winnings went into a bank account shared with his wife.