Annalouise Spence, a former assistant to Australian billionaire Judith Neilson, has been released on $1 million bail after being accused of defrauding her former employer. Spence is alleged to have misappropriated nearly $1.7 million. The charges relate to the alleged misuse of funds while employed by Neilson, a prominent philanthropist known for her support of arts and journalism. Details of the alleged fraud have not been fully disclosed, but the case is proceeding through the New South Wales legal system. Spence’s release on bail comes with conditions, which have not been publicly specified. The matter is expected to return to court at a later date, with further details anticipated as the investigation progresses. Neilson has not publicly commented on the case.