A former business manager of Melbourne High School has been jailed after stealing more than $430,000 from her employer to feed an out-of-control gambling addiction.

Frances Walshe’s first theft in early 2012 went unnoticed by the school because of a poor financial governance model that gave the 65-year-old unchecked access to its bank accounts.

Over the following decade, Walshe made a further 263 illegal transactions, stealing $432,546 from the school’s coffers to feed an out-of-control gambling addiction.

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Shendon Ewans – Gobbill CEO and a Melbourne High School ‘Old Boy’ says that this type of crime could have been prevented. For such a school where funds are so important and fundraising can be very difficult at times, it is disappointing for the school’s management to not have the proper check and balances.

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Read more from ABC News: https://www.abc.net.au/news/2023-03-06/melbourne-high-school-frances-walshe-business-manager-jailed/102057716