Ex-Moriah employee facing a civil case for missing $7m now charged by police

May 8, 2020 by J-Wire Newsdesk
Read on for article

Gus Nosti, the former Moriah College financial controller facing a civil case for allegedly misappropriating over $7 million from the school has been charged by police.

Moriah College

He will face court in July on five counts of dishonestly obtaining a financial advantage by deception. He has been released on bail.

In a letter in March president Stephen Jankelowitz told the “Moriah Family” that former Augustine “Gus” Nosti’s, his wife’s and sister-in-law’s assets have been frozen and a hearing in the civil case in the Supreme Court would be heard in June.

Jankelowitz wrote to the community in March: “The forensic investigations have established that the alleged fraud was effected through various means, and involved multiple financial institutions over a 14 year period.”

Detective Inspector Gretchenn Atkins told The Sydney Morning Herald: “There were 402 separate transactions … and they ranged from $2000 through to $241,000.”

College Principal, Rabbi Yehoshua Smukler said: “We thank the police for their assistance with this matter. We will continue to cooperate with the police as required.”


5 Responses to “Ex-Moriah employee facing a civil case for missing $7m now charged by police”
  1. Ian Krause says:

    What a sordid tale !
    The directors would appear to be negligent in carrying out their fiduciary duties.
    An independent investigation needs to be undertaken ASAP

  2. David Shalit says:

    The Board must resign together with the external auditor
    The incompetence of these directors is shameful !!

  3. Mervyn Levine says:

    Treasurer for many of those years when Mr Nosti was employed is the current President of the Board. How embarrassing for Moriah College.

  4. Joanna Kalowski says:

    Where was the Board? 7 million dollars and no one noticed? Anyone who was on the Board then should resign.

    • Jonathan Benjamin says:

      I don’t know where the board was then, but most of them are still there now.


      As a finance professional, if this happened on my watch I would step aside until the matter is fully investigated and resolved.

Speak Your Mind

Comments received without a full name will not be considered
Email addresses are NEVER published! All comments are moderated. J-Wire will publish considered comments by people who provide a real name and email address. Comments that are abusive, rude, defamatory or which contain offensive language will not be published

Got something to say about this?

This site uses Akismet to reduce spam. Learn how your comment data is processed.