Man charged over fraud worth more than $3 million, NSW

A man has been charged over frauds amounting to more than $3 million in the state’s Mid-West.

Between January 2017 and July 2018, police allege the 40-year-old man operated false companies and used multiple identities to obtain funds, telecommunications items and bitcoin for a number of companies located in Queensland, NSW and Victoria.

It’s alleged he then on-sold the fraudulently obtained items, and presented false cheques to gambling companies where he profited from gambling.

He also used other valueless cheques to purchase Bitcoin which he then sold for a profit.

On 13 July 2018, the man allegedly attempted to defraud a bank of almost $3 million using fraudulent cheques.

Detectives from Orana Mid-Western Police District have been conducting inquires into the offences.

About 1.35pm on Wednesday (30 January 2019) the man was arrested at Gunnedah Police Station.

The Gunnedah man was charged with 29 offences, including:

– Publish false misleading material to obtain advantage (x16);

– Deal with identity info to commit indictable offence (x7);

– Dishonestly obtain property by deception (x3);

– Dishonestly obtain financial advantage by deception (x2); and

– Knowingly deal with proceeds of crime.

He was bail refused to appear at Tamworth Local Court tomorrow (Thursday 31 January 2019).

/Public Release. View in full here.