It looks like his anxiety over his initial debts was greater. He's extremely confident - with some reason, too - but most importantly, he knows how to keep people happy and make them feel seen, heard and looked after. That boosts his confidence. (It's gotta be so exhausting to do that.)
The problem is that they were victims of their own greed. Investing is a very bullish business. That's how we lost half our homes in America during 2008-2009 by aggressively trading and using their homes as collateral. The banks were bailed out and homeowners lost their shirts.
I thought it was because of collataralized debt obligations, mortgage traunches being full of B rated loans, and median home prices being inflated from pieces of shit like myself slinging refi’s and wrap around ARMs. But hey what do I know? I just lived & worked it. 🤷🏼♂️😂
I'd argue that they were victims of someone else's greed, not their own. Pre-GFC investors were sold products whose risk was misrepresented (or were non-existent in Versalko's case), and sub-prime borrowers were set up to fail. All of this was done by greedy bankers.
This is how the human race will end! They'll find us all dead, with mobile phones stuck in our hand, as they found the volcano eruption victims in Pompeii, who had all suffocated due to the pyroclastic flow, burying them in ashes. I hear officials people replacing their lawns with plastic turf !! That's so ugly and harmful to us . I did twelve hours of heavy gardening yesterday without a single break, and I'm so proud of myself as I have bad arthritis, but I carried on despite the bad pain. I could cut your grass for you if you were living close to me, for free, of course 😊
People that successfully pull off scams are basically psychopathic...so their brain works differently. They get a thrill from the stress and adrenaline. The scam is what drives them to commit more fraud.
@@hicmad It's actually around $10 million USD, as the $18 million is in New Zealand Dollars. Still a heck of a lot of money, but as you say, nothing like in the same ball park as Madoff.
I asked a Swiss private banker why, if they are so good, don’t they offer guaranteed returns. He replied that the randomness in the market made that impossible. Sometimes, all the financials are improving but the share price is still tanking.
Narcissistic ego-maniac on a power trip. Sex, money and greed. What a self feeding loop. Good documentary. I hope all of those scammed were reimbursed by the bank. Banks need to run credit checks, annually, on their agents and list those who are compliant and strike-off those who are not.
@@anthonydowling3356 Millions? Even billionaires don't spend that kind of money on escorts. Man if you have millions of dollars you can hook up frequently with virgins and it wouldn't cost you that much lol!
Like they said he thought is was "the man" and it gave him power to pay that much. It wasn't his money so what did he care. Plus he was doing kinky things whichcosts extra and also felt like they might tell his family
This guy was a narcissist sociopath - charming, no empathy or guilt, smart and driven for power and money. The ceo of that last company I worked at was one. Dangerous man!
The comment "robbing Peter to pay Paul" applies here". I feel bad for all the people, and their families, that were swindled. Also his wife and children.
The gambling addicted escort was "peeved off" because this guy took someone else to Dubai,,,, wonder why?? Geez lady you made close to $180K and you blew it all,,,, no wonder he didn’t take you. There’s a vein of greed in all these people, however, losing everything to the Ponzi scheme is terrible. Prayers these families are healing from the loss and betrayal.❤❤
I would have felt suspicious because he is TOO friendly ... & i think it's important to understand why the returns are what they are...etc Not just take someone's word for it.
What’s so fascinating is how these con artists can convince themselves the con can go on and on with no end. The party eventually ends regardless of who the person is. 🤷🏼♂️🤦🏽♂️🤪
Talk about poor language skills demonstrated in your comment. Why do you copy others? You didn't come up with this acronym by yourself. Read dictionary in your spare time, so you can express yourself better. It's amazing how a single comment can reveal so much about a person. Wishing you a quick improvement of your mother tongue. My apologies if English isn't your first language, as it is in my case. All the best anyway. 😊
A word to the wise. Watch out for easy promises and friendly faces. A professional financial planner or advisor will always tell you to take your time and will provide all of the information up front regarding risk. Why do people keep falling for this stuff? Depend less on the personality and more on the track record and do your homework too. The best will tell you the same.
They invested their money under his name as an employee of the ASB, thats how. The prostitue did not, it was merely transactional in cash. One did get paid by the ASB if you watch the doc to the end.
Hmmmmm. A very charismatic and well spoken person who comes off credible offers dream like investments. People that have a bit more money than socioeconomically middle class seem to be more apt to believe the "wonderful" investment vehicles Steven was offering. I can't help but feel that his victims fell prey to their own greed and naivete. I guess I'm textbook victim blaming but I can't help but think, were they that shocked when they found out they were bilked out of their investments? Rolling it over year after year and it's always good news?
@@anthonydowling3356 Google: What is the average return on US bonds historically? The historical returns for stocks is between 8% - 10% since 1926. The historical returns for bonds is between 4% - 6% since 1926.
It is amusing how the ASB Bank honor the promises and deals he did with their customers but not the prostitutes. How dose that work morally or legally ??
Versalko got off very easy IMO. Our own con artist, Melissa Caddick, disappeared leaving nothing but a decomposing foot in a running shoe. The coroner pronounced her dead but was unable to speculate on how she died. Police are also unable to determine how she seems to have evaded CCTV footage despite leaving home on foot in a heavily populated suburb in Sydney. The jig was up - the feds had raided her home - but If it was suicide, it was a doozy. Jumping from the cliffs is hardly novel, but relying on a shark to neatly sever a foot while devouring the rest of the body is sheer criminal genius ;) en.wikipedia.org/wiki/Melissa_Caddick
![SAFEPLANET - ดาวเคราะห์ [ THE PLANET ]](http://i.ytimg.com/vi/4X1XL3I_k3c/mqdefault.jpg)
![[#2024MAMA] BIGBANG (빅뱅) - 뱅뱅뱅 (BANG BANG BANG) + FANTASTIC BABY | Mnet 241123 방송](http://i.ytimg.com/vi/EQsYfiPR9uM/mqdefault.jpg)
As a Brit resident in England I'd never heard of this man. Excellent documentary and the actor who played Versalko was fantastic. Thanks for posting.
Bruv what is a brit in England. Just say where you're from in UK and leave it at that. This is why yanks call all of us brits.
Well duh he’s an Aussie
@@PWING1000nope he's a Kiwi (new zealander)
He's a New Zealander
The Escort said “why did he lie”? When she was lying to her closest friends and family as well..are you kidding me
$18Mil fraud and hiding your job from friends and family are not the same 😂
I could never live this way - the anxiety would kill me before investors ever got a chance to! 😮
It looks like his anxiety over his initial debts was greater. He's extremely confident - with some reason, too - but most importantly, he knows how to keep people happy and make them feel seen, heard and looked after. That boosts his confidence.
(It's gotta be so exhausting to do that.)
My stomach is in knots just watching this!
People like this are called sociopaths. They love the thrill of the scam and they don't think logically.
😂😂😂😂 me
@@I-cannot-make-it-prettiertry being a nurse 😂
Very good documentary. Finally, someone decided to hire a group of superb actors.
Good point. The actors are excellent!
Facts!
4 years for $18 Mio. That's a rock solid trade.
Only 4? Should be 10 or life in prison for that much
So he stole 18M, got 6 yrs, hmmm and they say crime dont pay!
Yes, crime does pay, if one has no morals.
18 Billion. Thats eighteen thousand million.
Sorry. Wrong guy. I thought they were talking about Bernie Madoff who literally made off with billions.
I stand corrected 🙂
@@E-Kat The SOB only got 4 years. Was released early. Unbelievable
When people get out of prison they change their names and go again 😂that’s all they ever do
😂
I think certain professions attract sociopaths.
I'm glad to hear that ASB bank made good to the people who had money invested
I think Cameron Rhodes portrayed Versalko brilliantly.
That was very well presented! Thank you!🌟🌟🌟 Only 6 years???😳😳😳 He should have been forced to serve many more years for this offence!😔😔😔
He was out of prison after only 4 years.
A really well done documentary.
$3.4 million escorts, how did he have time for anything else?
My question as well 😂😂😂
He didn’t spend that,he’s hiding it for later
@@andrewphillips470 there is no later for him, from there he is going straight to hell.
As the last hooker said in the end (no pun) he was spending only 15 minutes with her. You are conflating services rendered with time spent.
😂😂😂😂
How did two priests come up with NZ$1M between themselves to invest?
Inheritance
@@23jacob I thought you have to give up inheritance? I guess not
@@Heyu7her3Catholic priests do have to give the inheritance to the Vatican Church!!
Yeah it is strange.
Many priests would also manage finances for their diocese, order etc. it’s not overly strange when you consider the size of the church
The problem is that they were victims of their own greed. Investing is a very bullish business. That's how we lost half our homes in America during 2008-2009 by aggressively trading and using their homes as collateral. The banks were bailed out and homeowners lost their shirts.
I thought it was because of collataralized debt obligations, mortgage traunches being full of B rated loans, and median home prices being inflated from pieces of shit like myself slinging refi’s and wrap around ARMs.
But hey what do I know? I just lived & worked it.
🤷🏼♂️😂
Folks word is shit today .Banks gave folks loans for homes then values dropped on there homes so they stuck the banks and walked away
Homeowners walked away on there mortgage and stuck banks with debt, people did it to there selfs.now rents high and they can't get homeloans
It was all by design
I'd argue that they were victims of someone else's greed, not their own. Pre-GFC investors were sold products whose risk was misrepresented (or were non-existent in Versalko's case), and sub-prime borrowers were set up to fail. All of this was done by greedy bankers.
Really enjoying watching this, supposed to mowing the lawn but what the hell!!😂
This is how the human race will end! They'll find us all dead, with mobile phones stuck in our hand, as they found the volcano eruption victims in Pompeii, who had all suffocated due to the pyroclastic flow, burying them in ashes.
I hear officials people replacing their lawns with plastic turf !!
That's so ugly and harmful to us .
I did twelve hours of heavy gardening yesterday without a single break, and I'm so proud of myself as I have bad arthritis, but I carried on despite the bad pain.
I could cut your grass for you if you were living close to me, for free, of course 😊
All I keep thinking is, "What a stressful way to make money. Why would anyone ever choose that?"
its how the bank itself does there scams, as all clients die and when they do the bank skims the top
People that successfully pull off scams are basically psychopathic...so their brain works differently. They get a thrill from the stress and adrenaline. The scam is what drives them to commit more fraud.
Bernie Madoff got a 150-year sentence in the USA & died in prison, yet Stephen Versalko is out in 4yrs in NZ- work that one out !!!
@@hicmad It's actually around $10 million USD, as the $18 million is in New Zealand Dollars. Still a heck of a lot of money, but as you say, nothing like in the same ball park as Madoff.
Well researched and presented, had not heard anything previous about this, but they always seem to be odd balls.
I asked a Swiss private banker why, if they are so good, don’t they offer guaranteed returns.
He replied that the randomness in the market made that impossible.
Sometimes, all the financials are improving but the share price is still tanking.
The actor playing Versalko is very good.
Wow those people were so lucky to get their money back!!
This guy lived like a politician 🤷🏻♂️
If he was a Democrat, he'd never be prosecuted.
or a Priest .The 2 priests invested a million .
😂
The people who invested with Madoff were greedy people that’s how he conned them playing on there greed
Narcissistic ego-maniac on a power trip. Sex, money and greed. What a self feeding loop.
Good documentary. I hope all of those scammed were reimbursed by the bank.
Banks need to run credit checks, annually, on their agents and list those who are compliant and strike-off those who are not.
The embodiment of everything wrong with humanity: an addict
I don't get how he spent millions on escorts lol He didn't need to spend anything close to that on escorts., even expensive ones.
He was robbed by escorts .lol.
@@anthonydowling3356 Millions? Even billionaires don't spend that kind of money on escorts. Man if you have millions of dollars you can hook up frequently with virgins and it wouldn't cost you that much lol!
😂😂😂😂😂
Like they said he thought is was "the man" and it gave him power to pay that much. It wasn't his money so what did he care. Plus he was doing kinky things whichcosts extra and also felt like they might tell his family
@@hollystiener16 Kinky things do not cost millions. I'm suspicious about this, I think he hid a lot of it.
What is the name of the woman whose leg was found on the beach in Australia.
Sheila
@@wheresstevebrilliant, made me laugh anyway Ty.
Melissa Caddick.
Mary
Peg-gy
A priest had 1 million to invest?!! Mmmm god must be do good to him! 🙄
When you see this story from the victims pov…..you’ll realize why he’s such a monster.
This guy was a narcissist sociopath - charming, no empathy or guilt, smart and driven for power and money.
The ceo of that last company I worked at was one. Dangerous man!
The amount of ads on this is video is insane
Get YT premium .No adds .
Premium is really worth it, if you watch YT very much.
@@anthonydowling3356Got AdBlock. No ads :)
The comment "robbing Peter to pay Paul" applies here". I feel bad for all the people, and their families, that were swindled. Also his wife and children.
I feel bad for those who lost their savings. How could anyone do what this guy did. Some people have no shame and or morels. Thanks for sharing.
Many people are sociopathic, but we just don't recognize it.
The biggest question I have is where did a priest get 1 million dollars from.
Probably from the offering basket they pass around at church.
@@Annassassinonly, as their salary is not extremely high.
actually he was correct about the guarantee..lmao. He got 6 years??? Scammers paradise.
I wonder if his wife stayed with him after that, or if they divorced?
It's amazing to me that a fraudter in NZ gets 6 years while in the US 150 years. Both are ridiculous in different ways.
The gambling addicted escort was "peeved off" because this guy took someone else to Dubai,,,, wonder why?? Geez lady you made close to $180K and you blew it all,,,, no wonder he didn’t take you.
There’s a vein of greed in all these people, however, losing everything to the Ponzi scheme is terrible. Prayers these families are healing from the loss and betrayal.❤❤
I would have felt suspicious because he is TOO friendly ... & i think it's important to understand why the returns are what they are...etc Not just take someone's word for it.
10 / 10 , as usual - Magic✌️
The two priest one million each they were at the same house it's church's money
The escorts benefited big time 😂
The actors in this video were very good!
6 years imprisonment is not long enough . There should have been a zero on the end of the 6. Or maybe a one way trip to the vet.
How do you spend 4.8 mil on working women? I don't know the going rate but seems pricey.
When ur employee robs clients, u r on the hook. So no client can actually get hurt.
What’s so fascinating is how these con artists can convince themselves the con can go on and on with no end. The party eventually ends regardless of who the person is. 🤷🏼♂️🤦🏽♂️🤪
Unbelievable this guy smh 🤦
OMG that New Zealand accent
Obviously an occa ozzie
@@Kathy-20J-73 lol
Lots of the crimes get no light.
As wacky as it sounds, corporate crimes which are rarely prosecuted kill more than street level crimes..
So, few of people know the game. Some don’t, yet. In the end you’ll always lose.
He made off with the greedy deposits
That woman made almost $800K from this guy and she's broke? Talk about poor money management skills. wtf?
Talk about poor language skills demonstrated in your comment.
Why do you copy others?
You didn't come up with this acronym by yourself.
Read dictionary in your spare time, so you can express yourself better.
It's amazing how a single comment can reveal so much about a person.
Wishing you a quick improvement of your mother tongue.
My apologies if English isn't your first language, as it is in my case.
All the best anyway. 😊
I was thinking the same thing
ASB = Auckland Savings Bank
Fixed interest rate was minus 100% of your money
3.4 mil on escorts..damn..
its how the bank itself does there scams, as all clients die and when they do the bank skims the top
The audacity of the escort wow
A word to the wise. Watch out for easy promises and friendly faces. A professional financial planner or advisor will always tell you to take your time and will provide all of the information up front regarding risk. Why do people keep falling for this stuff? Depend less on the personality and more on the track record and do your homework too. The best will tell you the same.
Fabulous acting in this vid!
They invested their money under his name as an employee of the ASB, thats how. The prostitue did not, it was merely transactional in cash. One did get paid by the ASB if you watch the doc to the end.
Minimum 4 years! Makes LA look tough on crime
Six years was a disgrace. 26 years more like. No parole. 😢😢😢😢
did the escorts have to pay tax ?
Nice one may subscribe after this
Hmmmmm. A very charismatic and well spoken person who comes off credible offers dream like investments. People that have a bit more money than socioeconomically middle class seem to be more apt to believe the "wonderful" investment vehicles Steven was offering. I can't help but feel that his victims fell prey to their own greed and naivete. I guess I'm textbook victim blaming but I can't help but think, were they that shocked when they found out they were bilked out of their investments? Rolling it over year after year and it's always good news?
Yes, greed & naivete is the typical profile
What havr the escorts got to do with it??? Nothing surely!!
He was trying to impress the sex workers. His sex addiction was one of the reasons he stole the money.
Wow.... that's a lot of escorting 😅@@JosedeJezeus
@@JosedeJezeus What a whacko!! 👍
what were your hopes for that fuking background noise
Yay I'm third, settling down to bed to watch this
Where its only 6pm
Now that sound's like its going to be a nice night!
@@joeroganreviewexperience9964 Shropshire England
It was 7% not 10%…..calling the investors greedy is shameful
I heard 8% .Investors were greedy as F.
@@anthonydowling3356 Google: What is the average return on US bonds historically?
The historical returns for stocks is between 8% - 10% since 1926. The historical returns for bonds is between 4% - 6% since 1926.
Throw the key away
That's just the one's you hear about.
Versalko - a name of Croatian origin.
So the only looser was ASBs insurers?
The thing I don't get is why does he need $18 million for? For me I'd be happy with just 5 million
5 million he could easily pay off all his debts
All those millions and he still never bought a chin 🤣
6 years in prson for 18 million? 3 million a year is not going to dissuade many
There’s always more
Holy shit.
Madoff died in prison in 2021.
Hell, I'd do 6 years gladly for 18 MILLION bucks.
DSK Ohhhhhhhhhhhhhhhhhhh
Thanks for sharing, D.C..💖
Love the stories but the actors in this ridiculous re-enactments are cringy.
Is only money 🤣🤣🤣
Lies lies
2.5 on a escort 😂
The title had me convinced this was going to be a video about Joe Biden.
Quite hilarious that all of the advertising during this watch, were all about investments and where to best put your ‘not at risk’ money.
No ads yet and I'm 25 minutes in. No ad blocker either.
@@E-Kat interesting… mmm wonder what’s happening with the algorithm for me.
TBFI Oh tut tut. 😅😅😅😅
You spelt conservative MP wrong.
Seeesssshhh
I hope the escort he gave all that money to is much prettier than the actress who portraits her.
I hope the real escort is kinder than you're.
Boring!
It is amusing how the ASB Bank honor the promises and deals he did with their customers but not the prostitutes.
How dose that work morally or legally ??
Because the people were putting something into the ASB and someone was putting something else into the prostitutes that's why
of course a jew😂
Veselko = ukro surname, beware
Versalko got off very easy IMO. Our own con artist, Melissa Caddick, disappeared leaving nothing but a decomposing foot in a running shoe. The coroner pronounced her dead but was unable to speculate on how she died. Police are also unable to determine how she seems to have evaded CCTV footage despite leaving home on foot in a heavily populated suburb in Sydney. The jig was up - the feds had raided her home - but If it was suicide, it was a doozy. Jumping from the cliffs is hardly novel, but relying on a shark to neatly sever a foot while devouring the rest of the body is sheer criminal genius ;)
en.wikipedia.org/wiki/Melissa_Caddick