Four men charged with alleged fraud against a financial institution | County Chief of St George and Sutherland
Detectives have charged four people – including two former bank employees – with nearly 220 offenses as investigations continue into a criminal union that allegedly defrauded a financial institution.
In May 2019, detectives from the Financial Crimes Squad of State Crime Command created Strike Force Kerribee to investigate fraudulent activity against a financial institution.
In December last year, detectives charged a 29-year-old woman with 15 suspected fraud-related offenses.
Four other people – two women and two men – were also charged during the investigation. All five remain in court.
Following extensive investigations, strike force detectives executed five search warrants at a Liverpool business and homes in Sutherland, Kangaroo Point, Heckenberg and Liverpool, starting at 6 a.m. today.
During the searches, investigators reportedly seized approximately $ 400,000 in cash, documents and electronic items that will be subject to further forensic examination.
Four people – three men and a woman – were arrested during the operation and taken to local police stations where they were charged with various offenses.
A 29-year-old woman from Sutherland has been re-arrested and charged with 112 other fraud-related offenses. Police allege in court that the woman, who is a former bank employee, used fraudulent documents to submit bogus loan applications and launder $ 550,000 worth of money.
She was denied bail and appeared in Sutherland Local Court today, where she was formally denied bail to appear in central local court tomorrow.
A 27-year-old man from Heckenberg has been charged with 40 offenses and a 37-year-old man from Liverpool has been charged with 34 offenses. Police allege in court that the men used their jobs as accountants to submit fraudulent tax documents on behalf of the union for financial gain.
A 53-year-old man from Kangaroo Point has been charged with 33 offenses and police allege the man, who is a former bank manager, facilitated the use of fraudulent documents submitted by the union to obtain loans.
The three men were released on bail to appear in Downing Center local court on Thursday, November 18.
Financial Crime Squad Commander Detective Superintendent Linda Howlett said forensic analysis of items previously seized by corporate corruption team detectives has identified other fraud-related offenses allegedly committed by members of this union.
“Police will claim that the majority of these offenses were coordinated by Sutherland’s wife, 29, and that she was assisted by other union members,” Detective Superintendent Howlett said.
âThis type of fraudulent activity is complex, well-planned and salacious, especially considering that the people allegedly involved in this fraud have betrayed the trust of their customers and employers.
âInvestigators will now thoroughly examine the documents and other items seized today to ensure that any other victims or offenses are identified.
“As our investigations continue, investigators from the strike force are urging anyone with information to come forward and contact the police.”