Financial Crimes Squad detectives have charged a man for his alleged role in a highly sophisticated multi-million-dollar fraud and money laundering syndicate operating across Sydney.
In January 2024, detectives attached to State Crime Command's Financial Crimes Squad – with assistance from 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.
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.
Fourteen people have previously been charged under Strike Force Myddleton and remain before the courts, with the NSW Crime Commission having restrained $60 million in assets.
Following further investigations, about 6.30am today (Wednesday 29 October 2025), strike force detectives – with assistance from South West Metropolitan Operations Support Group – executed a search warrant in Wakeley.
A 33-year-old man was arrested at the scene and taken to Cabramatta Police Station, where he was charged with three counts of dishonestly obtain financial advantage etc by deception relating to a $7.3 million fraud, recklessly deal proceeds general crime intend to conceal and participate criminal group contribute criminal activity.
The man was granted conditional bail to appear in Fairfield Local Court on Tuesday 16 December 2025.
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.
