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Former Macquarie Bank leasing manager charged with fraud

Former Macquarie Bank leasing manager charged with fraud

Brisbane Times          Lisa Davies          Crime Editor          August 28, 2013

A former national leasing manager at Macquarie Bank has been charged with defrauding the company of $1.2 million.

Michael Roth, 43, is accused of falsifying documents to line his own pockets for almost a decade.

Mr Roth was charged earlier in August with 34 separate offences after a six-month investigation.

It is alleged Mr Roth was able to secure payments from the bank to himself by submitting fabricated leasing documents for items like cars and medical equipment and then placing his own personal bank account details on the forms.

It is alleged the multiple frauds occurred between 2003 and 2012 while Mr Roth was employed by the Macquarie Group.

Mr Roth was the national manager of novated sales at Macquarie Bank. It is understood his employers became suspicious and notified authorities.

The extent of the alleged fraud was only revealed after NSW police fraud squad specialists began their inquiries in February.

Mr Roth, who left the bank late last year, is due to face Downing Centre Local Court on September 17.

A Macquarie Group spokesperson declined to comment on the case as it is before the courts.

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