00:00A solicitor has been charged in a multi-million-dollar fraud and money laundering syndicate.
00:12In January 2024, New South Wales Police launched an investigation into a criminal syndicate
00:19targeting Sydney-based automotive financing companies. Strikeforce detectives alleged
00:25the syndicate was allegedly using stolen personal information to apply for loans through various
00:30financial companies to purchase luxury ghost cars that did not exist. Detectives also uncovered
00:37the syndicate's involvement in an allegedly large-scale personal, business and home loan
00:42fraud against multiple financial institutions. 24 people have previously been charged and the
00:50New South Wales Commission has so far restrained $95 million in assets. A director of a law firm
00:57was identified as allegedly assisting the syndicate by allegedly using his legal position to help
01:02purchase mortgaged properties valued at $25 million in the names of the syndicate's members. He is also
01:10alleged to have laundered millions of dollars on the syndicate's behalf. On April 21st, 2026, at 6am,
01:18a search warrant was executed in Punchbowl, Sydney and a second warrant was executed in an office
01:24in Sydney's CBD. A 32-year-old man was arrested and charged with six counts of dishonestly obtaining
01:32financial advantage by deception, five counts of knowingly dealing with the proceeds of crime,
01:37and participation in a criminal group contributing to criminal activity.
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