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Tony Boyd

NAB fraud exposed excessive corporate culture

Life is made easier for corporate fraudsters when the business being milked allows for $26,000-a-head management events at luxury resorts.

We will never know how much convicted white-collar criminals Helen Rosamond and Rosemary Rogers stole from National Australia Bank between 2005 and 2018.

But some estimates suggest NAB shareholders lost about $62 million in that 13-year period, or about three-and-a-half times the amount that was subject to prosecution.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/nab-fraud-exposed-excessive-corporate-culture-20230411-p5czfq