# Banker steals $18M, spends $3.5M on hookers and wine...

**URL:** <https://boards.straightdope.com/t/banker-steals-18m-spends-3-5m-on-hookers-and-wine/532966>\
**Category:** Miscellaneous and Personal Stuff I Must Share\
**Created:** [March 19, 2010, 1:22am UTC](https://boards.straightdope.com/t/banker-steals-18m-spends-3-5m-on-hookers-and-wine/532966 "2010-03-19T01:22:07Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![lisiate](https://avatars.discourse-cdn.com/v4/letter/l/f05b48/32.png) [@lisiate](https://boards.straightdope.com/u/lisiate)\
**Post date:** [March 19, 2010, 1:22am UTC](https://boards.straightdope.com/t/banker-steals-18m-spends-3-5m-on-hookers-and-wine/532966/1 "2010-03-19T01:22:07Z")

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[the rest he wasted.](http://www.stuff.co.nz/business/industries/banking-finance/3474036/Bankers-life-of-sex-booze-and-fraud)

Well New Zealand’s Bernie Madoff, Stephen Versalko has been sentenced to six years jail for his ten years of defrauding clients of some $18 million dollars. Funnily enough it seems he was only caught when one of his victims saw a documentary on Bernie Madoff. She noticed the similarities between how Madoff operated and her own investments with Versalko.

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**Author:** ![Gary\_Robson](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/gary_robson/32/3448_2.png) [@Gary\_Robson](https://boards.straightdope.com/u/Gary_Robson)\
**Post date:** [March 19, 2010, 6:36pm UTC](https://boards.straightdope.com/t/banker-steals-18m-spends-3-5m-on-hookers-and-wine/532966/2 "2010-03-19T18:36:53Z")

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From the article:

> [@](#):
>
> Outside of buying property, his biggest spend was on sex – including $3.34m on just two Auckland prostitutes with whom he had long-term relationships. One received $2.5m, the other $791,181.

As if he didn’t have enough trouble, just wait until the prostitutes read this. Imagine the phone call he’ll get:

“What’s wrong with me, Stevie? How come she got three times as much money as me? Is she prettier than I am? You said I was your ‘million dollar baby,’ Stevie!”

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**Author:** ![Projammer](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/projammer/32/559_2.png) [@Projammer](https://boards.straightdope.com/u/Projammer)\
**Post date:** [March 19, 2010, 7:35pm UTC](https://boards.straightdope.com/t/banker-steals-18m-spends-3-5m-on-hookers-and-wine/532966/3 "2010-03-19T19:35:01Z")

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[quote=“Gary “Wombat” Robson, post:2, topic:532966”]

From the article:As if he didn’t have enough trouble, just wait until the prostitutes read this. Imagine the phone call he’ll get:

“What’s wrong with me, Stevie? How come she got three times as much money as me? Is she prettier than I am? You said I was your ‘million dollar baby,’ Stevie!”  
[/QUOTE]

“What’s she got that I haven’t?”

Dentures. 😛

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**Author:** ![Jake](https://avatars.discourse-cdn.com/v4/letter/j/f475e1/32.png) [@Jake](https://boards.straightdope.com/u/Jake)\
**Post date:** [March 19, 2010, 8:58pm UTC](https://boards.straightdope.com/t/banker-steals-18m-spends-3-5m-on-hookers-and-wine/532966/4 "2010-03-19T20:58:39Z")

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Hmmm… I wonder how much he’ll have when he gets out.