Melbourne real estate agent Kristiana Karakostas avoids jail over cocaine trafficking on Craigslist

·

Melbourne real estate agent Kristiana Karakostas, who organised drug deals online, has been spared jail because of her efforts to turn her life around.

Karakostas, 27, used coded messages to advertise drugs on Craigslist and then organised deals to sell cocaine and N-Ethylpentylone in February and March 2017, and one day sold $350 of cocaine to an undercover police officer.

She pleaded guilty to two counts of drug trafficking and one of dealing with the proceeds of crime, and was on Friday put on a three-year community correction order.

Kristiana Karakostas had her real estate membership stripped by Real Estate Institute of Victoria.

She must complete 150 hours of unpaid work as part of the community order.

County Court judge Irene Lawson said Karakostas’ crimes would normally warrant a jail term, but her “extraordinary” effort at overcoming a cocaine addiction through drug treatment meant a stint in prison would be counter productive.

“You are a person who has made major life changes, you have re-assessed your values and you’re now committed to a more law-abiding lifestyle,” she said.

Judge Lawson did, however, grant police permission to seize Karakostas’ $20,000 BMW, as prosecutors argued the car was tainted property because it was connected to the drug trafficking.

Karakostas’ employer, Woodards, is standing by her but the Real Estate Institute of Victoria has stripped her membership and will take from her an award she won last year for novice auctioneers.

Karakostas can still work as an agent despite having her REIV membership cancelled.

READ MORE: Kristiana Karakostas dumped by Real Estate Institute after pleading guilty to peddling cocaine on Craigslist.

Share:

KEEP UP TO DATE WITH TGH

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

Latest News

Greek Air Force officer arrested on espionage charges linked to China

Greek authorities have arrested a senior air force officer on suspicion of espionage, alleging he transmitted classified military information.

Greece defeat Italy to claim bronze at European Women’s Water Polo Championship

The Greece women's national water polo team produced a commanding performance to defeat Italy women's national water polo team 15–8.

Nominations open for The Greek Herald’s 2026 Woman of the Year Awards

The Greek Herald is relaunching its Women’s Awards for 2026, honouring Hellenic Australian women who embody the values leadership and service.

Oakleigh Grammar marks new academic year with Whole School Blessing

The Oakleigh Grammar community gathered with reverence to mark the beginning of the new academic year with its annual Whole School Blessing.

Australia–Greece ties on show at landmark Australia Day event in Athens

Australian Ambassador Alison Duncan praised a lively Australia Day celebration in Athens, attended by leaders.

You May Also Like

Construction begins in Athens of ‘largest project in Mediterranean’

Greece’s prime minister inaugurated the start of construction work on a major development project at the prime seaside site of the old Athens airport.

Greece responds to Turkey’s open threat to occupy Aegean islands

Turkish Vice-President Fuat Oktay signaled on Saturday the Erdogan government has set its eyes on taking the Greek islands close to Turkey.

Neoléa return to MOSAIC Adelaide with fresh ideas for 2025

MOSAIC Adelaide returns on Saturday, September 13 with its biggest program yet, bringing together over 30 multicultural communities.