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Former NSW Bank Workers Charged Over $37 Million Fraud

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McConnell: Senate Will Vote Next Week Confirm Barrett to Supreme Court

Senate Majority Leader Mitch McConnell (R-Ky.) said the Senate will vote Monday, Oct. 26, for the nomination of Judge Amy Coney Barrett to the Supreme Court. McConnell told a news conference about the move after a meeting with GOP lawmakers. “We will be voting to confirm Justice-to-be Barrett next Monday and I think that will be another signature accomplishment in our effort to put on the courts, the federal courts, men and women who believe in a quaint notion that the job of a judge is to actually follow the law,” McConnell said. Barrett faced three days of questioning from the Senate Judiciary Committee last week. McConnell said the Judiciary Committee is expected to vote on sending the nomination to the full Senate on Thursday. On Monday, Senate Minority Leader…

Former NSW Bank Workers Charged Over $37 Million Fraud

A former NSW bank employee is facing a raft of charges over an attempted fraud against the National Australia Bank (NAB) valued at more than $21 million.

Detectives from the State Crime Command’s Financial Crimes Squad uncovered fraudulent bank deposit guarantees had been used to buy properties across the state, for an inflated commission.

On Aug. 6 officers searched a western Sydney home at Fairfield East, seizing electronic devices and documentation including internal NAB vouchers.

Financial Crimes Squad detectives later charged a 47-year-old man with 11 fraud offences.

It will be alleged in court he was involved in attempting to defraud NAB of more than $16.8 million.

He was granted bail to appear at the Downing Centre Local Court on Oct. 21.

Investigators then arrested a 38-year-old woman in Newtown on Oct. 8.

The woman, who is a former bank employee, was charged with nine fraud offences and participation in a criminal group activity.

Police allege the woman was involved in attempting to defraud NAB of more than $21.6 million.

She was granted conditional bail to appear at Downing Centre Local Court on Nov. 27.

NAB Executive Group Investigations and Fraud Chris Sheehan said the bank referred the matter to the authorities as soon as its systems detected unusual activity.

“It is important to note no NAB customers were impacted and no financial loss occurred as a result of the actions alleged by police, and the former employee was dismissed by NAB.”

Focus News: Former NSW Bank Workers Charged Over $37 Million Fraud

On Recovery, Trump Says ‘V,’ While Biden Says ‘K’

WASHINGTON—Investors and economists have been debating the shape of the post-lockdown economic recovery in the United States for months, and they’ve labeled their forecasts for a rebound with letters such as V, W, or U. President Donald Trump and his advisers have repeatedly touted a “V-shaped” recovery, as the economic data over the past five months showed an exceptional rebound, with some data points already surpassing pre-pandemic levels. Democratic presidential nominee Joe Biden, however, disagrees with Trump, describing the recovery as “K-shaped,” with the rich getting richer and the poor getting poorer. “[Trump] talks about a V-shaped recovery. It’s a K-shaped recovery. If you’re on the top, you’re going to do very well,” Biden said at the ABC News town hall on Oct. 15. “If you’re in the middle or the bottom,…