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Silver Chef shares tank following a fraud attack involving fake customers

Carrie LaFrenz
Carrie LaFrenzSenior reporter
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Silver Chef chief executive Damian Guivarra has laid the blame for a fraud attack that sparked a write-down and a plunge in the lender's shares on cyber criminals.

The Brisbane-based company, which provides equipment funding to small to medium sized businesses predominantly in the hospitality and fitness sectors, revealed on Friday that a fraud involving fake customers and equipment vendors would impact earnings.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

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    Original URL: https://www.afr.com/companies/retail/silver-chef-shares-tank-following-a-fraud-attack-involving-fake-customers-20161118-gss5gj