Police charge man with fraud totaling $ 2 million in Bankstown

A man has been charged with 15 fraud offenses totaling $ 2 million after allegedly entering into loan and rental agreements using illegitimate “shelf” companies.

In March 2021, officers attached to the Bankstown Town Police Zone Command established the Yackerboom Strike Force to investigate reports that illegitimate companies had been created using the identities of employees of a company from print management without their knowledge.

Following extensive investigations and information received, a 37-year-old man was arrested at a house on O’Neill Street, Guildford, around 3:50 p.m. yesterday (Saturday January 1, 2022).

He was taken to the Granville Police Station where he was charged with dishonestly obtaining a financial advantage by deception (x7) and posting false deceptive documents to gain an advantage (x8).

Police allege that around $ 2 million was embezzled by the man after he entered into a number of loan and rental contracts on behalf of illegitimate companies.

He was denied bail to appear in Parramatta local court today (Sunday, January 2, 2022).

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