This morning I was reading an article at news.com.au about a manager at ANZ, Michael Phan, 29, who stole more than $5 million from his employer over four years.
In his four-year spree, Phan stole $5,142,000 from the bank in eight transactions of between $132,000 and $1.5 million.
Phan was authorised to approve loans of up to $1.5 million and established a number of false accounts between 2006 and 2010, and during this time approved loans for his own use.
He also used colleagues’ personal details and forged signatures on bank cheques to approve the loans.
He has been sentenced to six years in jail, and will be eligible for parole after serving four years.
After reading this article, I felt more pity for Michael Phan and his future prospects.
At just 29 years of age and earning an annual salary of $130,000, his career is now behind him, his…