Financial Crimes Squad detectives have charged a third man over alleged role in a $9 million fraud scheme in Sydney’s Inner West.
Strike Force Pessac was established in August 2024 by State Crime Command’s Financial Crimes Squad to investigate a Sydney-based syndicate using fabricated documents, false identities and altered financial records to commit fraud.
A forensic review of 32 business and personal bank accounts linked to the syndicate allegedly revealed that between October 2022 and June 2025, approximately $8.98 million was made using fraudulent methods.
Two men – aged 63 and 71 – have since been charged and remain before the courts.
Following further inquiries, about 8.40am today (Monday 21 September 2026) police arrested a 52-year-old man at Newtown Police Station.
He was charged with dishonestly obtain property by deception and recklessly deal proceeds general crime intend to conceal, allegedly relating to dealing with $1.54 million for the syndicate.
The 52-year-old man was refused bail to appear at Bail Division Local Court 6 today (Monday 21 September 2026).
Anyone with information that may assist investigations into organised criminal activity is urged to 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.
