Detectives from State Crime Command’s Fraud and Cybercrime Squad have charged a Mount Annan man in relation to a fraud offence of close $5 million.
Strike Force McMaster is a Fraud and Cybercrime Squad investigation into alleged mortgage and equipment finance fraud, whereby a number of dummy companies were set up and fake invoices were used to obtain finance.
On Friday, August 1, a 43-year-old Mount Annan man was served with a Future Court Attendance Notice to appear at Campbelltown Local Court on September 22 in relation to one count of obtaining a benefit by deception.
Police will allege the man was involved in a number of fake loan applications which resulted in $4.9 million being fraudulently obtained.
To date, Strike Force McMaster investigators have charged 21 people with a total of 381 offences for frauds with a combined value in excess of $36 million.
On Thursday, July 30, a 50-year-old Glenfield man was arrested by Fraud and Cybercrime detectives at Macquarie Fields Police Station.
The man was subsequently charged with 12 counts of obtaining money by deception and- 13 counts of using a false instruments with intent.
Police will allege the man obtained 12 residential mortgage loans, with a combined value of $3.69 million, through the use of false and forged documents. The offences are alleged to have occurred between 2003 and 2005.
Strike Force McMaster investigators have now charged 21 people with a total of 381 offences for frauds with a combined value in excess of $36 million.
The Commander of the Fraud and Cybercrime Squad, Detective Superintendent Arthur Katsogiannis, said Strike Force McMaster was an ongoing investigation and further arrests are expected.
“The officers conducting the investigation have done an excellent job thus far, gathering evidence to lay charges in what is a complex and difficult investigation,” Detective Superintendent Katsogiannis said.
“We will continue to investigate and locate those individuals involved and put them before the court.”
