Former travel agent Arthur Zacharias will await sentencing behind bars

·

A former travel agent who operated a Ponzi scheme which defrauded the owners, clients and a former Hells Angel bikie boss has had his bail revoked ahead of sentencing, according to The Advertiser.

Arthur Zacharias appeared in Adelaide’s District Court on Thursday where victims delivered impact statements describing his deceit as cruel and morally reprehensible.

The 49-year-old of Parkside previously pleaded guilty to multiple dishonesty and deception offences including 19 counts of dishonestly dealing with property without consent between December 2014 and May 2016 at Fullarton.

He committed the offences while contracted to Axis Travel Centre, which he later sought to part purchase from owner Max Najar – using a silent partner – for $385,000.

Max Najar, owner of Axis Travel, said Zacharias used the company’s name to defraud clients, Photo: Travel Weekly

The silent partner, former interstate Hells Angels member Peter Sidirourgos, had paid the money to Zacharias in instalments, but the court heard Zacharias spent “nearly all” of that money and only about $100,000 was passed on to Mr Najar.

Mr Najar, the main victim of the offences, told the court how Zacharias’ “orchestrated and cruel” deceit had stolen almost five years of his life and ruined his proud company.

He said Zacharias had repeatedly begged to be employed and he gave him a second chance, employing him as a contractor.

Mr Najar told the court he felt humiliated and embarrassed by Zacharias’ crimes which resulted in significant financial trauma amounting to more than $596,894 as well as lost time and health issues.

Judge Simon Stretton will sentence Zacharias next month.

Source: The Advertiser

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Australian Hellenic Medical Charity raises $30,000 for Nicosia hospital

The Australian Hellenic Medical Charity raised $30,000 for the Paediatric Clinic at Makarios III Hospital in Nicosia, Cyprus.

Iran’s President and Foreign Minister killed in helicopter crash

Iranian President Ebrahim Raisi and his foreign minister have been killed in a helicopter crash, state media has reported.

Cypriot woman, Pontian boy and Senator gather at Greek Genocide Memorial in Victoria

People gathered at Ray Brahman Gardens, Preston, Victoria to commemorate the Armenian and Greek Genocide on Saturday, May 18

Vadoulis Garden Centre in South Australia closes after 64 years

The owner of Vadoulis Garden Centre in South Australia has announced its closure after 64 years of operation. Read more here.

Business leader Paul Nicolaou calls for reinstatement of dining vouchers in NSW

Paul Nicolaou has called for the NSW government to reinstate dining vouchers to support struggling cafes and restaurants.

You May Also Like

George Papandreou and Nikos Androulakis to face off for the KINAL leadership

European Parliament lawmaker, Nikos Androulakis, will face former PM, George Papandreou, in a runoff on Sunday for the leadership of KINAL.

5 fast facts about the Corinth Canal

The Corinth Canal is a waterway that crosses the narrow isthmus of Corinth to link the Gulf of Corinth to the Saronic Gulf.

Australian Government delegation visits Lemnos to finalise details of Remembrance Trail

A delegation from Australia's Department of Veterans' Affairs has visited Lemnos to kick off the implementation of the Remembrance Trail.