Small Business Lose $1,000,000 in EFT fraud

A Queensland business owner has been defrauded by their bookkeeper for up to $1 million dollars. Their bookkeeper has been charged with 250 counts of fraud and fraud-related offences in relation to the missing money, and accused of using electronic funds transfer fraud.

This brings to light how prevalent EFT fraud is in Australia, and how easily it can go undetected. The Daily discussed more with forensic accountant Brett Warfield.