Westpac employee likely aided fraud
December 28, 2010
Total Loss:
$1 million
A Westpac employee was probably an accomplice of a Sydney man who defrauded the bank of more than $1.1 million through "identity theft", a judge has found. Westpac Banking Corporation took civil action in the NSW Supreme Court, claiming that Ersever Toksoz, also known as Gino Versace, was the chief architect of the frauds. In a decision last Thursday, Justice George Palmer concluded Mr Toksoz was "directly and actively involved in each of the frauds on the 27 victims".
Source:
Sydney Morning Herald
Posted in:
Internal Fraud