The post Australian banker steals AUD 489k after falling for a crypto scam appeared on BitcoinEthereumNews.com.

An Australian banker named Dennis Nguyen has been sentenced to 18 months after stealing AUD 489,000 from his customers. Nguyen lost nearly all his life savings years ago to a crypto scam and then turned to the villain.  In late 2021, Nguyen was an employee at National Australia Bank (NAB), and at that time, he lost AUD 20,000 to a crypto scam. That incident turned him into a villain, following in the footsteps of his scammers. The former banker used his knowledge of the banking system and began scamming his customers.   The former banker scammed his customers Nguyen executed a sophisticated scam. He started stealing customer data from NAB and then used this data to create fake accounts at Commonwealth Bank. Once the fake accounts were set up, Nguyen started transferring large amounts of money from NAB to Commonwealth Bank. Nguyen chose his victims carefully. He targeted customers who deposited extra payments into their home loans. He managed to complete two transactions of AUD 70,000 and AUD 50,000; however, the customers took notice, and NAB reimbursed them after investigating the incident. NAB fired Nguyen on November 26, 2021, and reported the fraud to the police. After a year passed, Nguyen found another job at Judo Bank and started working on his scheme. He stole AUD 167,500 from a customer in just a few transactions.  Before executing the scam, Nguyen spoke to his customer on the phone twice and learned that she had trouble remembering events due to her multiple sclerosis illness.  He used this information to empty her term deposit without even creating a fake profile, then funneled the money straight into his own ANZ bank account. Judo Bank investigated the incident and questioned Nguyen about it, but he denied everything and claimed that the customer stole his identity details.…

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Filed under: News - @ May 22, 2025 6:22 pm