A former NAB worker who lost his savings to a cryptocurrency rip-off decided to observe in his scammers’ footsteps by stealing almost $500,000 from his clients.
Dennis Nguyen has been jailed for not less than 18 months after he pleaded responsible to three prices of theft and 4 of fraud in Victoria’s County Courtroom.
The courtroom laborious he carried out the scheme nearly instantly after he realized that he had been fleeced of about $20,000 of his savings on November 14, 2021, as reported by The Daily Telegraph.
Nguyen’s brazen theft concerned making large transfers from accounts at NAB, the place he labored, to pretend accounts he had made at Commonwealth Bank utilizing the identical buyer’s particulars.
However the scheme quickly unravelled after simply two transactions.
Nguyen focused clients that had made further funds on their house-loans and made a $70,000 redraw on one and a $50,000 re-draw on the opposite.
Each clients disputed the transactions and had been reimbursed by NAB whereas the financial institution investigated.
Nguyen was finally sacked by NAB on November 26 and the matter was referred to police.
A former NAB worker who lost his savings to a cryptocurrency rip-off decided to observe in his scammers’ footsteps by stealing almost $500,000 from his clients (inventory)
Nearly a yr later in October 2022, Nguyen acquired a job at Judo Financial institution the place he then stole about $167,500 from a buyer who he spoke to on the telephone twice and realized she had a number of sclerosis and had hassle remembering particulars.
He cleaned out her time period deposit account in a few transactions, did not even trouble with a pretend profile after which transferred the money to his own ANZ account.
When Judo Financial institution questioned him, he claimed he was too ‘clever’ to use his own particulars and accused scammers of stealing his identification.
Nguyen was sacked and the matter was once more referred to police.
Regardless of being fired twice, Nguyen carried out one other rip-off shortly after wherein he wrote critiques on monetary comparability web sites claiming to be a senior supervisor from Judo known as Patrick.
He informed potential clients in the event that they emailed him straight he may prepare a higher rate of interest than the usual one Judo provided.
His con hooked one particular person, who transferred $200,000 to an account Nguyen had made. He nearly tricked one other who was wanting to make investments half a million {dollars}, however they grew suspicious when he used his precise identify in a single electronic mail.
Nguyen stole an estimated $489,000 over the three schemes.
Dennis Nguyen arrange pretend CBA accounts after which used his inside entry of NAB’s system as an worker to switch clients’ cash to that account (inventory)
Decide Samantha Marks stated he did show some regret and his behaviour was ‘knowledgeable’ by components corresponding to his father being a playing addict.
Nevertheless, she stated the offence was severe and a vital sentence was required as a basic deterrent.
He will probably be eligible for parole in September subsequent yr.
