Police charge man over $7 million investment company fraud in Sydney CBD

A man has been charged with 90 offences as part of an investigation into a multi-million fraud against a Sydney investment company.

In April 2019, detectives from Sydney City Police Area Command established Strike Force Pescud to investigate the reported misappropriation of funds by a former employee.

Following extensive inquiries, investigators arrested a 35-year-old man at Day Street Police Station about 9am today (Tuesday 23 June 2020).

He was charged with 90 counts of dishonestly obtaining financial advantage by deception.

Police will allege in court that the man used his position as an employee at the investment company to fraudulently divert nearly $7 million from investor funds to personal accounts between February 2013 and January 2018.

The Mosman man was granted strict conditional bail to appear at Downing Centre Local Court on Wednesday 15 July 2020.

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