School: Our stolen money used to fund pro team
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A man accused of stealing more than AU$20 million (US$18.4 million) from an Australian university used some of the money to bail out a struggling professional basketball club, a court heard Wednesday.
Former Flinders University employee Christopher Fuss allegedly spent AU$50,000 of the money he stole helping the Adelaide 36ers, and another AU$160,000 buying a star player, The Advertiser reported.
The player's name has not been revealed.
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The university has launched Supreme Court civil action against Fuss claiming he "misappropriated" more than AU$20 million while working as a cashier between August 2007 and January 2010.
It is alleged the 46-year-old, of Glengowrie in Adelaide, who received an annual salary of AU$58,000, used some of the money to buy a property in the suburb of Glenelg for AU$1.7 million.
Fuss has been in custody since January 22 after being charged with five counts of deception.
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The Adelaide 36ers have been one of the most successful clubs in Australia's National Basketball League.