A Victorian woman who lost her life savings after her accountant gambled the money away on online betting is preparing to take legal action against Sportsbet.

Kym Cavigan, 53, first learned her $820,000 had been stolen by Andrew Marshall to fund his secret online gambling addiction in 2023.

Marshall arrived on Cavigan's doorstep and tearfully admitted to dipping into client accounts – including hers – to pay for his Sportsbet wagers, The Age reports.

The 45-year-old self-reported to the police before telling Cavigan at her home in the Macedon Ranges in central Victoria.

He is alleged to have moved the money between two bank accounts before it was transferred to Sportsbet.

Marshall has been charged with stealing funds of almost $4.2 million.

He has pleaded guilty and will ap

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