A man has been charged after allegedly impersonating a lawyer and financial institutions in a property investment scam of more than half a million dollars.
In January 2026, officers attached to Kings Cross Police Area Command – with assistance from Eastern Suburbs Police Area Command and Sydney City Police Area Command – commenced an investigation following reports of a property investment scam.
Police will allege between March 2023 and June 2026, a 51-year-old man defrauded six people – 3 men and 3 women – of a total $652,350.
Police will allege in court the 51-year-old man produced false financial and legal documents for the purpose of deceiving his victims.
Following extensive inquiries, detectives – with assistance from Central Metropolitan Region Operations Support Group ODIN – executed a search warrant at a unit about 7am today (Tuesday 25 August 2026), on Bayswater Road, Potts Point.
During the search, police allegedly located and seized 60 luxury watches and more than 100 items of jewellery with an estimated total value of more than $2.5 million.
A 51-year-old man was arrested at the property and taken to Kings Cross Police Station where he was charged with 30 offences,
- Dishonestly obtain financial advantage by deception (14 counts)
- Use false document to obtain financial advantage (15 counts), and
- Deal with property proceeds of crime greater than or equal to $100,000.
The 51-year-old man was refused bail to appear before court tomorrow.
If you feel you have been a victim of a crime such as this, contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is managed on a confidential basis. The public is reminded not to report information via NSW Police social media pages.
