Financial Crimes Squad detectives have charged a man for his alleged involvement 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.
Strike Force Myddleton 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.
Nineteen people have previously been charged under Strike Force Myddleton and remain before the courts, with the NSW Crime Commission having previously restrained $80 million in assets.
As part of ongoing inquiries, detectives allegedly identified another man involved in the syndicate in the role of a money mule.
About 6.15am yesterday (Wednesday 10 December 2025) strike force detectives – with assistance from South West Metropolitan Operation Support Group – executed a search warrant at an address in East Hills.
A 35-year-old man was arrested and taken to Bankstown Police Station, where he was charged with two counts of dishonestly obtain financial advantage by deception, allegedly relating to $5.3 million in fraudulent loans, knowingly deal with proceeds of crime, and participate criminal group contribute criminal activity.
The man was granted conditional bail to appear in Bankstown Local Court on Thursday 22 January 2026.
Anyone with information about this incident 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.
