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Fraudster Helen Rosamond’s companies placed in liquidation

After being used to help defraud NAB of $25m, jailed fraudster Helen Rosamond’s company has been placed in administration.

Joseph Hansell and Vaughan Strawbridge have been appointed joint and several liquidators of Human Group once run by Helen Rosamond.
Joseph Hansell and Vaughan Strawbridge have been appointed joint and several liquidators of Human Group once run by Helen Rosamond.

Convicted fraudster Helen Rosamond’s event management company Human Group, which was at the heart of a multimillion-dollar swindle perpetrated against the NAB, has been placed in liquidation.

Joseph Hansell and Vaughan Strawbridge have been appointed joint and several liquidators of Human Group and another company, known by its Australian Company Number 138 384 662.

Mr Hansell told The Australian on Wednesday that there were outstanding debts owed to creditors, however the quantum was not yet known.

“There are a number of assets subject to existing freezing orders - the quantum unknown at this time,’’ Mr Hansell said.

“The liquidators will also be conducting their own inquiries/investigations as to the current and historical asset and financial position of the companies, and complying with any orders/judgments a court may wish to grant against the companies.’’

Helen Rosamond arriving at court last year. Picture: NCA NewsWire / Damian Shaw
Helen Rosamond arriving at court last year. Picture: NCA NewsWire / Damian Shaw

In November last year Rosamond was found guilty of sending falsified and inflated invoices from Human Group Pty Ltd to NAB, and providing $5.4m in gifts to Rosemary Rogers – former chief of staff to two NAB chief executives – to ensure the invoices were paid.

Rogers, who was authorised to approve invoices up to $20m, was convicted and sentenced to a minimum fours years and nine months in prison in January 2021.

The former chief of staff to Cameron Clyne and Andrew Thorburn told the jury at Rosamond’s trial she received a house, a BMW car, a boat and holidays among other benefits for approving Rosamond’s fraudulent invoices.

Ms Rosamond is currently in prison awaiting sentencing.

The Crown’s allegation in that case was that “over a period of 5 to 6 years, there was a systematic defrauding of the National Australia Bank by Ms Rosamond and her alleged co-offender, Ms Rosemary Rogers.

“The total amount of the alleged fraud would appear to have been in the vicinity of $25m.’’

Prior to being convicted Rosamond was permitted to remain on bail while arrangements were made for her teenage son, who was in her care, were formalised with her ex-husband.

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Rosamond was found guilty of 59 charges of bribing Rogers and 31 charges of obtaining or attempting to obtain a financial advantage by deception, after it was found that she used the profits from the inflated invoices for her own benefits.

Personal expenses, including $228,747 for an interior designer, $100,000 in rent, $737,611 in landscaping work and $17,888 on an artwork were among the ­expenses Rosamond charged to NAB.

She was acquitted of one charge of giving a corrupt benefit and one charge of obtaining a financial advantage by deception.

NAB chairman Phil Chronican in December described the fraud as a “sad chapter’’ in the bank’s history.

“And it is inexplicable how a single person could have authority of that nature,” Mr Chronican said in response to heated shareholder questions at the bank’s annual general meeting.

“I can’t go back and redo the past, other than to say to you that when we became aware of it, we significantly overhauled the controls … (the fraud) has been “deeply embarrassing to this company and we have done our best to ensure it could never happen again.”

Read related topics:National Australia Bank

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Original URL: https://www.theaustralian.com.au/business/legal-affairs/fraudster-helen-rosamonds-companies-placed-in-liquidation/news-story/4faab7ccc805d8cd5f3407f567148c53