{"id":697168,"date":"2026-05-27T04:59:12","date_gmt":"2026-05-27T04:59:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/697168\/"},"modified":"2026-05-27T04:59:12","modified_gmt":"2026-05-27T04:59:12","slug":"pair-charged-over-alleged-role-in-multi-million-sydney-fraud-scheme","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/697168\/","title":{"rendered":"Pair charged over alleged role in multi-million Sydney fraud scheme"},"content":{"rendered":"<p>A former banker and a former <a href=\"https:\/\/www.9news.com.au\/finance\" target=\"_blank\" rel=\"nofollow noopener\" title=\"financial\">financial<\/a> broker have been charged over their alleged involvement in a $44 million <a href=\"https:\/\/www.9news.com.au\/fraud\" target=\"_blank\" rel=\"nofollow noopener\" title=\"fraud\">fraud<\/a> and money laundering scheme.The arrests come as investigations continue into a <a href=\"https:\/\/www.9news.com.au\/sydney\" target=\"_blank\" rel=\"nofollow noopener\" title=\"Sydney\">Sydney<\/a>-based syndicate allegedly partaking in a massive fraud, where stolen personal information was used to apply for loans through financial companies to purchase luxury &#8220;ghost cars&#8221; that did not actually exist.Police then found the syndicate allegedly orchestrated widespread personal, <a href=\"https:\/\/www.9news.com.au\/business\" target=\"_blank\" rel=\"nofollow noopener\" title=\"business\">business<\/a>, and home loan fraud against financial institutions.<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/https:\/\/prod.static9.net.au\/fs\/7e8d3e34-e242-4164-8ff4-0536e14ed106.jpeg\"   alt=\"The pairs alleged fraudulent activities netted the syndicate $44 million.\"\/>The pairs alleged fraudulent activities netted the syndicate $44 million. (Supplied\/NSW Police)<\/p>\n<p>Yesterday morning, Raptor Squad raided a home in Wentworth Point in Sydney&#8217;s north-west, where a 34-year-old man and a 35-year-old woman were arrested.<\/p>\n<p>It is alleged the man worked as a business development manager to help the syndicate acquire mortgaged properties worth more than $25 million and business loans worth more than $6 million.<\/p>\n<p>He allegedly did this by helping create and approve fraudulent documents.<\/p>\n<p>The woman, in her role as a financial broker, allegedly applied for almost $13 million in loans from banks using fake documentation.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/https:\/\/prod.static9.net.au\/fs\/4066acec-f718-4f01-8dcf-95a150b5601d.jpeg\"   alt=\"The lawyer allegedly helped launder money for a criminal syndicate.\"\/>Police have previously charged 25 people for their alleged involvement, including this Sydney solicitor in March. (Supplied)<\/p>\n<p>The man was charged with participating in a criminal group and contributing to criminal activity and 19 counts of dishonestly obtaining financial advantage by deception.<\/p>\n<p>The woman was hit with multiple charges, including participating in a criminal group and contributing to\u00a0 criminal activity<\/p>\n<p>They were both refused bail to appear at Burwood Local Court today.<\/p>\n<p>Police have <a href=\"https:\/\/www.9news.com.au\/national\/sydney-man-charged-alleged-multi-million-dollar-fraud-scheme\/3b226710-09c4-4e8b-9d6a-177adcc1869e\" target=\"_blank\" rel=\"nofollow noopener\" title=\"charged\">charged<\/a> 25 people in connection with the scam, and the <a href=\"https:\/\/www.9news.com.au\/new-south-wales\" target=\"_blank\" rel=\"nofollow noopener\" title=\"NSW\">NSW<\/a> Crime Commission has restrained $95 million in assets.This includes a solicitor who was <a href=\"https:\/\/www.9news.com.au\/national\/sydney-crime-solicitor-charged-alleged-role-25-million-fraud\/30aa7d6e-ea6b-4ead-97ff-754aa6fabf2e\" target=\"_blank\" rel=\"nofollow noopener\" title=\"charged\">charged<\/a> in March for allegedly laundering millions of dollars on behalf of the syndicate.<\/p>\n","protected":false},"excerpt":{"rendered":"A former banker and a former financial broker have been charged over their alleged involvement in a $44&hellip;\n","protected":false},"author":2,"featured_media":697169,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-697168","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/697168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=697168"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/697168\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/697169"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=697168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=697168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=697168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}