Attorney says all of the money was spent to feed cocaine habit
Crown Counsel Michael Snape told Justice Charles Quin that the one count covered 43 illegitimate transactions. He described Schultz, 40, as the sole salaried employee of the pension plan, working as pension administrator and overseen by a board of seven trustees.
He cited the Court of Appeal’s comments on the seriousness of breaches of trust and suggested a starting point for sentencing at four years.
Defence attorney Ben Tonner said the thefts did not start until Schultz became dependent on alcohol and cocaine after his marriage started falling apart and he moved out of the family home. He reported that the cocaine habit was costing Schultz between $200 and $500 per day and all of the money stolen was spent on the illegal drug.
Mr. Tonner detailed Schultz’s efforts to get help. He suggested that theft in these circumstances differed from thefts committed out of greed for material things.
He pointed out that Schultz has been in custody since March this year and had early indicated a willingness to plead guilty. He asked for a sentence that would allow Schultz to work and pay the money back; he handed up a letter containing a job offer.
Justice Quin adjourned sentencing until Tuesday, 4 December.