Parole for $50k IOU
THE former lessee of a Cooroy service station received an 18-month jail sentence when he pleaded guilty yesterday to an IOU to the tune of $50,000.
Keith Jamieson was released on immediate parole after the magistrate described his actions as similar to “a Ponzi scheme”.
Maroochydore Magistrates Court heard Jamieson had been taking money from the Reliance Petroleum service station’s takings to pay staff wages.
Police prosecutor Leonie Scott said Jamieson got to a point where he could not replace what he had borrowed.
She said an audit identified $5000 and $1700 amounts missing but when a full audit was conducted, it was revealed Jamieson had misappropriated $48,936.
“He stated the company was aware of this practice and that it was an IOU,” she said.
Senior Constable Scott said the missing money had been repaid, except for $4000 which had been waived.
Solicitor Justin Crosby said his client had taken on the service station with his wife, who each got a base wage as well as a costs allowance based on the percentage of turnover.
Magistrate Peter Hasted said Jamieson, who had no criminal history, had co-operated with authorities and had impressive references.