In August 2021,detectives set out to investigate numerous fraudulent transactions and payments across Sydney.
Police make an arrest in connection with an alleged criminal syndicate involved in multiple identity and banking frauds.NSW Police
Police will allege the investigation led to the discovery of a crime ring that had created a number of “shell companies” which existed only on paper.
The group used the companies to obtain chequebooks,EFTPOS terminals and to create banking profiles to gain fraudulent funds,police allege.
Police say the funds were used to withdraw cash,purchase clothing,motor vehicles and jewellery,and for the alleged fraudsters to pay for day-to-day expenses.
Just after 5am on Thursday,detectives executed four search warrants across Bankstown,Pyrmont and the CBD and seized about $130,000,$US5000,numerous EFTPOS terminals,luxury jewellery and clothing,a Mercedes Benz C200 and electronic devices.
Four people have been arrested in Sydney over a $1 million bank fraud syndicate.
A 33-year-old man,who police will allege was the leader of the syndicate,and a 42-year-old woman were arrested at a unit in Bankstown.
The man was charged with 52 offences in relation to the syndicate while the woman was charged with six counts including dishonestly obtaining financial advantage by deception.
Both were refused bail by police and will appear at Bankstown Local Court on Friday.
Two men – aged 29 and 39 – were arrested at units in Pyrmont and Haymarket and taken to their local police stations. Both face a raft of charges,including participating in a criminal group.
Both were refused bail by police and appeared at Downing Centre Local Court on Thursday. They were formally refused bail and will appear again at the same court on August 18.
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