Inside New Zealand: The Banker, The Escorts And The $18 Million on TV3

8:30pm – Wednesday, June 29 on TV 3

The Inside New Zealand documentary series continues this week with The Banker, The Escorts and The $18 Million, which tells the incredible 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. Inside New Zealand: The Banker, The Escorts and The $18 Million screens on Wednesday, June 29 th at 8:30pm on 3. The Banker, The Escorts and The $18 Million 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. Outside of buying property ($3.9m), his biggest spend was on sex – including $3.34m on just two Auckland prostitutes with whom he had long-term relationships. One received $2.5m and later reached a confidential settlement with the ASB, which pursued her in court to get the money back. The other received $791,181 – though both women also say they received large cash payments. Additional money was also spent at various escort agencies around the city.

Featuring candid interviews with key Serious Fraud Office investigators, former clients and the first ever and exclusive interview with the $791,181 prostitute who Versalko later accused of blackmailing him, the Versalko story is laid bare in this stunning docudrama.

Make sure not to miss it when Inside New Zealand: The Banker, The Escorts and The $18 Million screens on Wednesday, June 29 th at 8:30pm on 3.

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