Bank sues prostitute to get scam money back
samsung1
Ohio
A prostitute lavished with money and gifts by the man who stole nearly $18 million from ASB Bank is being sued by the bank in an effort to get some of the money back.
Stephen Versalko was jailed for six years in March for stealing $17.8m from the bank over nine years while he worked there as an investment officer.
Before he was caught he gave one prostitute $10,000 for a clothes-shopping spree before they went on a business trip where they stayed at a luxury hotel in Dubai. It was one of the smallest sums in the total of $2.55 million he paid her, the Weekend Herald reported today.
The bank was suing the woman, 41, to recover some of the $17.8 million Versalko stole.
The newspaper said Versalko spent most of the money on multimillion dollar homes and a lavish lifestyle which included at least $3.4m he paid to two prostitutes and gifts worth $800,000.
Properties Versalko bought in Remuera and the Coromandel had been sold and $4m was held in a trust account.
The newspaper said court documents showed the bank was claiming $2.55m from one of the women, who has name suppression, and connected companies.
The bank was not pursuing the other prostitute, who received $791,182 from Versalko.
In court documents the bank said it was "unconscionable" for Versalko to have made the fraudulent payments and "unconscionable" for the woman and companies she transferred funds into to have kept the money.
The bank's statement of claim said Versalko made two payments to a company run by the woman -- $1m in December 2008 and $964,287 in April 2009, from accounts of customers he defrauded
He made a further 19 payments to her between April 2008 and August 2009 of between $3500 and $100,000 shortly before the fraud was discovered.
The bank was also taking action against two companies the woman was a director of and a property development company that received $520,000 from one of the companies she owned.
http://www.stuff.co.nz/dominion-post/nat…
Stephen Versalko was jailed for six years in March for stealing $17.8m from the bank over nine years while he worked there as an investment officer.
Before he was caught he gave one prostitute $10,000 for a clothes-shopping spree before they went on a business trip where they stayed at a luxury hotel in Dubai. It was one of the smallest sums in the total of $2.55 million he paid her, the Weekend Herald reported today.
The bank was suing the woman, 41, to recover some of the $17.8 million Versalko stole.
The newspaper said Versalko spent most of the money on multimillion dollar homes and a lavish lifestyle which included at least $3.4m he paid to two prostitutes and gifts worth $800,000.
Properties Versalko bought in Remuera and the Coromandel had been sold and $4m was held in a trust account.
The newspaper said court documents showed the bank was claiming $2.55m from one of the women, who has name suppression, and connected companies.
The bank was not pursuing the other prostitute, who received $791,182 from Versalko.
In court documents the bank said it was "unconscionable" for Versalko to have made the fraudulent payments and "unconscionable" for the woman and companies she transferred funds into to have kept the money.
The bank's statement of claim said Versalko made two payments to a company run by the woman -- $1m in December 2008 and $964,287 in April 2009, from accounts of customers he defrauded
He made a further 19 payments to her between April 2008 and August 2009 of between $3500 and $100,000 shortly before the fraud was discovered.
The bank was also taking action against two companies the woman was a director of and a property development company that received $520,000 from one of the companies she owned.
http://www.stuff.co.nz/dominion-post/nat…
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