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Petricevic should serve his full sentence

Petricevic should serve his full sentence

25 August 2015

The Sensible Sentencing Trust abhors the Parole Board’s decision to release the serial fraudster Rod Petricevic less than half way into his six year 10 month sentence for fraudulently diverting investors’ money to his own purpose – buying, among other things, a luxury boat and a late model Porsche with investors’ money.

“This snake in a suit is a serial fraudster of the worst order” says Sensible Sentencing’s Garth McVicar.

“This is the second time in 25 years Petricevic has embezzled the hard earned savings of trusting investors, often their life savings, built up over years of hard work. Guys like this are actually lower than many aggravated robbers who frequently have come from deprived backgrounds where they were dragged up by useless parents,” McVicar said.

“Guys like Petricevic go to private schools, have university education, and then, dressed in fine suits, prey on trusting investors who put their faith in them. People like Petricevic are directly responsible for early deaths of elderly people – who thought they had a comfortable retirement ahead of them – but their lives have been devastated by being ripped off by men like this. Many of these elderly people who should be enjoying their twilight years frequently die unexpectedly early, bankrupt and broken hearted,” said McVicar.

“Petricevic had been turned down for parole twice before because of what the Parole Board saw as a complete lack of remorse, and a continuing sense of entitlement to act as he did. Then he goes and hires a private psychologist to say he’s suddenly developed an insight into his offending, and the Parole Board buys it” Mc Vicar said.

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“We understand that the Parole Board is put in a difficult position by the legislation they are forced to work under, which effectively says they must let prisoners out as soon as possible. That said, the least they can do is keep remorseless criminals like this man inside until the High Court finds the Parole Board must release him” said McVicar.

“Petricevic whined to the High Court about needing legal aid when he was supposedly broke. Then, when he needs a tame psychologist to write a favourable report, he suddenly comes up with the money to fund one. Surely we can expect the Parole Board to see through his supposed remorse? Apparently not. Shame on them”

ENDS


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