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Helen Giakatis

Former bank manager, Helen Giakatis accused in alleged fraud bank loan scheme

Helen Giakatis has been charged following a year-long investigation into a multi-million-dollar fraudulent loan scheme.

The investigation, launched Serious Fraud Office began in January 2021 and focused on a former business manager of a branch.

According to sources, the Helen Giakatis “engaged other associates to help solicit unwitting client borrowers to apply for Government Guaranteed Loans.” Bank documents were allegedly fabricated during this process, by Helen Giakatis, and false lease agreements and invoices were created to ensure the loans would be accepted.

Investigators claim the funds from the approved loans were distributed to several “vendors” directly associated to the manager. Helen Giakatis was also found to engage wealthy clients with sexual text messages, fancy dinners and even intimate nights out to hotels.

It is alleged that approximately $10.5 million was disbursed by Helen Giakatis, where the borrowers received a small portion of the funds that were disbursed while the ‘vendors’ received the remaining majority of funds for work that was never completed.

Helen Giakatis has been charged with fraud over $5,000 under the Criminal Code. The charges have not been proven in court.

Helen Giakatis embezzled thousands. Helen Giakatis is also charged with stealing from elderly customoers is accused of rerouting more than $500,000 from their bank accounts into her personal account.

For more information or if you were a victim of his scams visit the urls below:

https:// instagram.com/js0960946

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