NAB fraudster stays out of jail for now

A Sydney businesswoman who embezzled millions of dollars from National Australia Bank will remain free from jail for at least another week.

On Monday, Judge Robert Sutherland postponed a bid by crown prosecutors to revoke Helen Mary Rosamond's bail after concerns were raised about what would happen to her teenage son if she was suddenly placed behind bars.

"The last thing one would want to see is a young boy being taken into some form of foster care," the judge said.

"I just don't know on the material before me ... what the situation is."

Judge Sutherland noted that a full-time prison sentence for Rosamond was "effectively inevitable" given the crimes she had been found guilty of.

"It would be difficult to conceive of any fraud case of this proportion resulting in anything other than full-time custody," the judge said.

Rosamond's barrister Dr Anton Hughes conceded this.

"A high degree of likelihood was the way that I put it," he told the court.

Despite this almost inevitability, Judge Sutherland's preliminary view was that the welfare of Rosamond's son amounted to special or exceptional circumstances which could allow her to remain free as she awaited sentencing in the Downing Centre District Court.

Adopting twins with her now ex-husband Geoffrey Rosamond, the pair broke up with only one of the boys now living with her.

Crown prosecutor Shaun Croner said that Mr Rosamond was "willing and able" to take care of his other son as well.

The matter will return to court on December 6, when Judge Sutherland will hear final submissions on why Rosamond's bail should be revoked.

Until then, her bail will continue with requirements she report to Kings Cross Police Station.

The 47-year-old was found guilty last week of a total of 90 fraud and bribery charges brought against her after splashing out millions in kickbacks to Rosemary Rogers, who worked as chief-of-staff to former NAB CEOs Andrew Thorburn and Cameron Clyne.

She was acquitted of two charges.

Rosamond falsified and inflated invoices from her company Human Group to NAB which were approved by Rogers, using the money for her own personal benefits.

Rogers, who is currently behind bars for participating in the same scheme, received a house, a BMW car, a boat, holidays and other benefits.