Luxury LifeStyle – Former NAB employee jailed for eight years over $5.5million fraud
A bank employee who stole money to fund a high-flying lifestyle filled with private jets and luxury holidays has been jailed.
While working as the chief of staff at the National Australia Bank, Rosemary Rogers pocketed $5.5 million in bribes.
The bribes included a month-long holiday to the US worth $500,000, a luxury BMW, two boats, a holiday home, a trip to a private Fijian island and multiple stays at expensive resorts.
Rogers stayed at the six-star Emirates resort at Wolgan Valley in NSW, which costs $3000 a night, multiple times.
Her alleged accomplice, Helen Rosemond, is the head of a luxury travel company and is accused of paying Rogers the bribes in exchange for her signing off on inflated invoices sent to NAB.
Rosemond is awaiting trial.
But Rogers’ lifestyle began to unravel in December 2017 after an anonymous whistleblower notified the board of NAB.
Today, Rogers’ barrister Mark Tedschi QC said her actions were driven by stress.
She was sentenced to a maximum of eight years in jail after being found guilty of more than 30 bribery, corruption and fraud charges.
“NAB has zero tolerance for any criminal activity. Where criminal conduct is identified, we will refer it to the police,” NAB Chief Legal Counsel Sharon Cook said in a statement.
“Since becoming aware of the issue, we have made changes to strengthen controls in our organisation, including changing delegations and introducing additional checks on expenses.
“As there is a second party involved who is still before the Court, NAB is unable to comment further on this matter. We are taking court action to recover the proceeds of the alleged fraud.”