Detectives from State Crime Command's Financial Crimes Squad have charged an additional two people allegedly involved in a highly sophisticated fraud and money laundering syndicate operating across Sydney.
In January 2024, detectives attached to State Crime Command's Financial Crimes Squad and the NSW Crime Commission launched an investigation into a criminal syndicate targeting Sydney automotive financing companies under Strike Force Myddleton.
The investigation initially uncovered the syndicate was allegedly using stolen personal information to apply for loans through various financial companies to purchase luxury 'ghost cars' that did not exist.
Eight people have previously been charged with these offences and remain before the courts, with the NSW Crime Commission having previously restrained $38 million in assets.
Ongoing investigations revealed the syndicate's operations extended well beyond car financing fraud to large-scale personal, business and home loan fraud against multiple financial institutions.
From 5am on Wednesday 30 July 2025, strike force detectives – with assistance from Raptor Squad and North West Metropolitan Operational Support Group – executed 10 search warrants in Barangaroo, Seaforth, North Ryde, Macquarie Park, Sylvania Waters, Camperdown, Mortdale, Haymarket, Martin Place and the Sydney CBD.
During the warrants, police located and seized $4.1 million worth of luxury items including two Bentleys, a Ferrari 360, $20,000 in AUD, $12,100 in USD, $1,070 in Euros, one firearm, two tasers, body armour, and a small quantity of prohibited drugs.
About 11am yesterday, a 60-year-old man and 61-year-old woman were arrested at Gladesville Police Station.
The man was charged with five counts of dishonestly obtain financial advantage etc by deception and participate criminal group contribute criminal activity.
The woman was charged with two counts of dishonestly obtain financial advantage etc by deception and participate criminal group contribute criminal activity.
The pair were granted conditional bail to appear in Burwood Local Court on Monday 29 September 2025, where police will allege the pair committed fraud to the value of nearly $15.5 million.
About 5pm yesterday, the NSW Crime Commission also seized an additional two luxury vehicles, a 2019 silver Lexus LX570 and a 2021 black McLaren 720s, with a combined value of $682,000 linked to the syndicate.
In total, the NSW Crime Commission has now restrained approximately $53 million in luxury goods and real estate.
Financial Crimes Squad Commander, Detective Superintendent Gordon Arbinja, said the work of investigators is far from over.
"Strike Force Myddleton has uncovered a deeply entrenched and highly organised criminal enterprise operating across multiple financial sectors. While we've made significant progress, our work is far from over," Det Supt Arbinja said.
"The focus now shifts to identifying and dismantling the professional facilitators enabling this syndicate – particularly those operating within the accounting, financial services, and taxation industries.
"These individuals play a critical role in legitimising fraudulent activity, and we will continue to pursue them."
Investigations under Strike Force Myddleton continue.
Anyone with information that may assist investigations into organised criminal activity is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is managed on a confidential basis. The public is reminded not to report information via NSW Police social media pages.
