A former ASB banking executive has admitted stealing nearly $18 million
February 3, 2010
Total Loss:
$18 million
Stephen Versalko, 51, pleaded guilty to each of the three charges laid by the Serious Fraud Office when he appeared in the Auckland District Court on Tuesday. Versalko's offending involved fraudulent transactions and offering fictitious investment opportunities to ASB clients between 2000 and 2009.
Source:
Radio NZ
Posted in:
Internal Fraud