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Australian Pleads Guilty to Gamblign Addiction Thefts
High-roller Gabriel Werden used passports with false names and his own face to return to Australia undetected several times during his three and a half years on the run. Werden, a rogue solicitor, stole from clients to feed his gambling addiction spending $13 million at casinos in four years.
Werden taught English in Lebanon while a fugitive, got involved in property development there and spent time in London and New Zealand.
Mark Regan, Werden's barrister said, Werden's "astronomical losses" had cost him his legal practice, his home, his marriage and his credibility. He had suffered an extreme degree of shame and remorse.
There was no evidence of threats or intimidation against Werden and he has refused to be interviewed by Victorian major fraud group detectives.
Werden, 40, pleaded guilty to seven counts of theft, three of obtaining financial advantage by deception and one of having a deficiency in his trust account.
Most of the stolen money was used to buy gambling chips at casinos in Melbourne, Adelaide, Perth and Brisbane. Justice Teague was told that between May 1997 and March 1998 Werden had a total deficiency of $1,104,729 in his trust account.
Justice Teague said there had been claims of $1.8 million against the legal profession's Fidelity Fund, and about $600,000 admitted. He remanded Werden to be sentenced at a date yet to be fixed.
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