Detectives from the Financial Crime Squad have charged a man as part of their investigation into reports of suspected fraudulent activity targeting a Geelong based not for profit organisation genU.
A 59-year-old Williamstown man was this afternoon charged with 309 counts of obtain financial advantage by deception.
He has been summonsed to appear at Geelong Magistrates' Court on 25 August.
Police will allege the amount of the fraud to be over $10M.
The matter was initially reported to police by the organisation and an investigation commenced in February 2023, after they identified suspicious activity relating to accounts being wrongfully charged to the organisation.
The report was then assessed by police and an investigation commenced.
The activity is alleged to have occurred over about five years
In September 2024, a then 74-year-old Leopold man was arrested in Geelong and released without charge.
