Australia: Commonwealth Bank Staff Implicated in Alleged $76m Fraud

From the Sydney Morning Herald

Commonwealth Bank staff were allegedly complicit in a $76 million Ponzi scheme and received secret commissions for their role in the alleged fraud, which was ignored by the bank's management for almost five years - until police were alerted.

The alleged architects of the scam, professional poker player Bill Jordanou and accountant Robert Zaia, will face court in February 2017 and have indicated they will plead not guilty to almost 100 fraud and deception offences.

Read the full article here.