Police charge two over separate corporate frauds – SCC Financial Crimes Squad

A man and a woman have been charged over alleged separate frauds against the same financial institution totalling more than $500,000.

In December 2018, detectives from the State Crime Command’s Financial Crimes Squad established Strike Force Woodfull after being contacted by a financial institution in relation to two former employees allegedly individually misappropriating funds from internal accounts.

Following extensive investigations, Strike Force Woodfull detectives arrested a 37-year-old man at Parramatta Police Station just before 9.30am on Wednesday (22 May 2019).

The Gledswood Hills man was charged with three counts of dishonestly obtain financial advantage by deception.

Police will allege in court that the man, who was a senior manager at the financial institution, fraudulently lodged reimbursements from the institution’s internal accounts to personal accounts, on more than 90 separate occasions between 2013 and 2018, totalling $463,240.

Financial Crimes Squad detectives have since recovered some of the property that was allegedly fraudulently purchased, including a TV, sound bar and 50 console games.

Following further inquiries, a 48-year-old woman attended Parramatta Police Station about 1pm on Tuesday 28 May 2019.

The Warwick Farm woman was been charged with dishonestly obtain financial advantage by deception.

Police will allege in court that the woman, who was a manager at the financial institution, conducted 107 fraudulent transactions totalling $64,000, between March 2015 and September 2016.

It is further alleged the man and woman were not colluding.

They have both been granted conditional bail to appear at Parramatta Local Court on Wednesday 3 July 2019.

Anyone with information that may assist Strike Force Woodfull investigators is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence.

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