Centrelink fraudster jailed for claiming $200k in fake name
AN ELDERLY man who used a false name to claim almost $200,000 worth of pension payments over 13 years will spend a year behind bars.
Milan Rakic, 70, used his own name to claim the pension at the same time he was receiving payments using a fake identity, Brisbane District Court heard today.
The total amount he illegally received was $199,186, which he has since paid back along with about an extra $9000.
Rakic pleaded guilty to one count of obtaining financial advantage by deception.
The court heard he had more than $400,000 in one of his bank accounts last year.
Rakic purchased a Sandstone Point house, located near Caboolture, without needing a mortgage in 2003; the same time he was illegally receiving welfare payments.
"The only conclusion to be draw is that this would be a case of greed and not need," crown prosecutor David Henschell said in court this morning.
But defence barrister David Crews said his client was not living a lavish lifestyle and lived off the money.
He also said Rakic, being an older man, had health issues and was on the waiting list for knee replacement surgery.
Judge William Everson said Rakic's crime was sophisticated and accepted the fraudster's health issues would make prison difficult for him.
Rakic was sentenced to four years jail and Judge Everson ordered he be released on parole after serving a year.