Sydney $10m Identity Fraud Case: What We Know
In a striking case of alleged identity fraud and financial deception, two individuals have been charged in connection with a $10 million scam targeting Sydney’s automotive finance sector. The investigation, led by NSW Police’s Financial Crime Squad under Strike Force Myddleton, revealed that a criminal syndicate had been using the stolen personal information of more than 30 people to apply for loans on luxury vehicles that did not actually exist. For context on fraud matters, see what happens in criminal matters and court representation.
How the Scheme Allegedly Worked
Following coordinated raids in Carlingford and Alexandria, police seized luxury items including a Tesla, a Mercedes-Benz van, Rolex watches, Cartier jewellery and about $200,000 worth of wine. A 40-year-old man was arrested and charged with multiple counts of dealing with proceeds of crime, participating in a criminal group and attempting to launder $600,000 through various bank accounts. Learn about bail applications and sentencing advocacy.
Allegations Against an Insider
Police also arrested a 31-year-old woman, an employee of the targeted automotive finance company, who allegedly facilitated more than 50 fraudulent finance applications totalling $10 million. If you are contacted by police, read what to do if police contact you and police interviews and the right to silence before making any statement.
Likely Offences and Penalties
Matters of this kind often involve offences under NSW and Commonwealth law, including fraud, participate in criminal group, money laundering and deal with proceeds of crime. General enforcement information is available from NSW Police – Financial Crimes and AUSTRAC – suspicious matters. For court process basics, see NSW criminal court procedures.
What Victims Should Do Now
If you think your identity was used, act quickly. Report and get guidance via ReportCyber and Scamwatch. Protect your credit file with OAIC identity theft guidance and consider support from IDCARE. For tailored civil or criminal advice, contact Jameson Law.
If You Are Accused of Identity Fraud
Get legal advice before speaking with investigators. Early strategy can influence bail, charge selection and case outcomes. Start with our guides on criminal defences in NSW and what to expect in court, then contact Jameson Law or call (02) 8806 0866 for a confidential consultation.
