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

Bridging borders: John Tripidakis on protecting Greek assets from abroad

For many Australians with ties to Greece, managing legal matters across borders can feel complex, confusing, and at times overwhelming.

Dimitra Skalkos on Ouzo Talk: The reality of running The Greek Herald at 100

As The Greek Herald enters its 100th year, the milestone marks a century of continuous publication serving the Greek Australian community.

Open letter urges constructive path forward for Macquarie Greek Studies Foundation

In an open letter, Leon Bombotas reflects on the future of the Macquarie Greek Studies Foundation following its entry into voluntary admin.

‘Untamed Voices’ sells out, delivering a powerful tribute to rebetiko and female expression

The 44th Greek Festival of Sydney proudly presented Untamed Voices on Sunday, April 19, 2026, at the iconic Factory Theatre.

O Periklis students shave heads after raising $12,000 for Royal Children’s Hospital

O Periklis Dance Group’s recent fundraising initiative at its TradFest event has raised an impressive $12,000 for Royal Children’s Hospital.

You May Also Like

Greece’s Deputy Foreign Minister for Greeks Abroad to visit Australia

Greece’s Deputy Minister for Hellenes Abroad, Giannis Loverdos, has announced plans to visit Australia in October as part of a broader tour.

New Master of Greek Philosophy to debut at St Andrew’s Theological College in 2026

St Andrew’s Greek Orthodox Theological College has announced the introduction of a new postgraduate program, the Master of Greek Philosophy.

Sydney’s iconic Olympia Milk Bar set for revamp

The Olympia Milk Bar on Parramatta Road, Stanmore, is poised for a revival under a $953,000 redevelopment proposal by its new owner.