Finance broker charged as part of ongoing investigations into attempted $21 million fraud, NSW

Financial Crimes Squad detectives have charged a finance broker as part of an ongoing investigation into the alleged attempted fraud against a financial institution valued at more than $21 million.

In February this year, detectives from the State Crime Command’s Financial Crimes Squad established Strike Force Exton to investigate a criminal syndicate allegedly attempting to defraud a financial institution.

Inquiries revealed fraudulent bank deposit guarantees had been used to purchase properties across the state, for an inflated commission.

So far during the investigation, detectives have arrested a 38-year-old woman, who is a former bank employee, and a 47-year-old man.

The pair were charged and remain before the courts.

As part of ongoing inquiries, a 64-year-old man was arrested at Blacktown Police Station about 8.30am on Tuesday 17 November 2020.

He was charged with conspire with other to cheat and defraud, dishonestly obtain financial advantage by deception (aid, abet, counsel or procure an attempt), deal with identity info to commit indictable offence and participate criminal group contribute criminal activity.

Police will allege in court that the man, who is a finance broker, was involved in a criminal group attempting to defraud a financial institution of more than $21.6 million.

The Glenwood man was granted strict conditional bail to appear at Blacktown Local Court today (Thursday 17 December 2020).

Investigation by Strike Force Exton detectives are continuing.

Anyone with information that may assist Strike Force Exton investigators is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence. The public is reminded not to report information via NSW Police social media pages.

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