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White-Collar Crime

Ex-CFO at Major Law Firm Gets 10.5 Years in $2.6M Theft Case

Posted Jul 26, 2012 12:46 PM CDT
By Martha Neil

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A former chief financial officer at a top-tier Australian law firm has been sentenced to a prison term of ten and a half years after admittedly stealing nearly 2.7 million (about $2.6 million in U.S. dollars) from Minter Ellison between 2004 and 2011.

Craig Raneberg, who served as CFO of the firm's offices in Adelaide and Darwin, pleaded guilty in March to 70 theft counts in South Australian District Court, reports Legal Week. He may actually serve only a little over six years.

He reportedly was motivated to steal in order to fund a lavish lifestyle.

Earlier coverage:

ABAJournal.com: ''Jailed Ex-CFO Stole Nearly $2.7M from Top Law Firm Over 10 Years, Prosecutor Says"

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