Commonwealth Bank staff implicated in alleged $76m fraud

By Cameron Houston and Chris Vedelago
Updated February 5 2016 - 6:08am, first published 5:48am
The $75m Ponzi scheme was ignored by Commonwealth Bank management for almost five years.  Photo: Glenn Hunt
The $75m Ponzi scheme was ignored by Commonwealth Bank management for almost five years. Photo: Glenn Hunt
Bill Jordanou is one of the alleged architects of the elaborate scam. Photo: Joe Armao
Bill Jordanou is one of the alleged architects of the elaborate scam. Photo: Joe Armao

Commonwealth Bank staff were allegedly complicit in a $76 million Ponzi scheme and received secret commissions for their role in the alleged fraud, which was ignored by the bank's management for almost five years - until police were alerted.

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