The Banker, The Escorts and The $18 Million tells the story of Stephen Versalko – the ASB fraudster who stole almost $18m of his clients’ money to lead an audacious double life of sex, lies and betrayal, including spending around $3.4m on prostitutes.
In August, 2009, an uneasy ASB client made a phone call that would ultimately unravel one of the country’s most scandalous frauds of all time – involving a double life of sex workers, overseas travel, deception, and nearly $18m in stolen funds.
Inside New Zealand’s compelling new one-hour docudrama, The Banker, The Escorts and The $18 Million, produced by the Emmy® Award winning KHF Media, tells the story of New Zealand’s biggest ever single employee fraudster, Stephen Versalko – the man who defrauded a high profile bank and his clients for almost a decade.
Stephen Gerard Versalko was sentenced in 2010 to six years imprisonment, with a minimum non-parole period of four years, after siphoning $17,763,110.19 off 26 sets of wealthy clients from the ASB Bank where he worked as an investment advisor. Read More...