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  • 6 months ago
Two more suspects were charged over a $53 million Sydney fraud syndicate accused of creating fake loans and laundering cash through luxury vehicles. This video includes ACM-produced voiceover powered by AI.

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00:01Two more people have been charged as police continue dismantling an alleged
00:05$53 million Sydney fraud syndicate accused of using stolen identities to
00:10secure fake loans. The man and woman aged in their 60s were charged with
00:15offenses tied to an investigation into ghost cars and fraudulent finance
00:20applications. Police have now charged 10 people and restrained assets including
00:26Bentleys, a McLaren and millions in cash. Investigators alleged the scam extended
00:32beyond car loans into large-scale mortgage and business finance fraud. The
00:37pair will face Burwood local court in September.
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