Latest news with #StrikeForceMyddleton
West Australian
3 days ago
- Business
- West Australian
Sydney financier charged over alleged role in ghost car syndicate buying luxury cars with stolen information
A Sydney finance worker has been charged for her alleged role in a sophisticated fraud and money laundering crime syndicate that allegedly bought luxury cars using stolen personal information. The 37-year old woman was arrested at a CBD apartment about 6.50am on Wednesday when police seized luxury cars, bags and clothing worth more than $1.4m. Police found a Maserati Grecale, a Lamborghini Urus and a Ferrari F171 in the unit's carpark. The woman is facing 12 offences, including obtaining financial advantage by deception, dealing with the proceeds of crime, participating in criminal activity, creating fake documents, obtaining property by deception and using false documents to obtain financial advantage. Strike Force Myddleton began investigating the syndicate targeting Sydney automotive financing companies in January last year. Police allege the syndicate used stolen personal information to apply for loans through various financial companies to purchase luxury 'ghost cars' that did not exist. Detectives also allege the syndicate committed large-scale personal, business and home loan fraud against multiple financial institutions. A police spokesman said the NSW Crime Commission had frozen $53m in assets and 11 people had been charged under the strike force and were before the courts. Police allege the latest woman to be charged over the operation used her role as a finance professional to facilitate about $4m worth of fraud. Financial Crimes Squad commander Gordon Arbinja said investigators were now shifting their attention. 'Strike Force Myddleton has now put 11 people before the courts and disrupted a highly organised criminal enterprise operating across multiple financial sectors,' he said. 'We are now focusing on professional facilitators who we believe are enabling this syndicate's operations – particularly those working in the professional financial industry, including accounting, financial services, and taxation.' The woman was refused bail and will appear before the Bail Division Court on Thursday.
Perth Now
3 days ago
- Business
- Perth Now
Maserati, Lambo seized in ‘ghost car' raid
A Sydney finance worker has been charged for her alleged role in a sophisticated fraud and money laundering crime syndicate that allegedly bought luxury cars using stolen personal information. The 37-year old woman was arrested at a CBD apartment about 6.50am on Wednesday when police seized luxury cars, bags and clothing worth more than $1.4m. Police found a Maserati Grecale, a Lamborghini Urus and a Ferrari F171 in the unit's carpark. Police arrested a 37-year old finance worker at a Sydney CBD unit. NSW Police Credit: Supplied The woman is facing 12 offences, including obtaining financial advantage by deception, dealing with the proceeds of crime, participating in criminal activity, creating fake documents, obtaining property by deception and using false documents to obtain financial advantage. Strike Force Myddleton began investigating the syndicate targeting Sydney automotive financing companies in January last year. Police allege the syndicate used stolen personal information to apply for loans through various financial companies to purchase luxury 'ghost cars' that did not exist. The woman allegedly facilitated about $4m worth of fraud and is facing 12 charges. NSW Police Credit: Supplied Detectives also allege the syndicate committed large-scale personal, business and home loan fraud against multiple financial institutions. A police spokesman said the NSW Crime Commission had frozen $53m in assets and 11 people had been charged under the strike force and were before the courts. Police allege the latest woman to be charged over the operation used her role as a finance professional to facilitate about $4m worth of fraud. Police seized three luxury cars worth $1.4m. NSW Police Credit: Supplied Financial Crimes Squad commander Gordon Arbinja said investigators were now shifting their attention. 'Strike Force Myddleton has now put 11 people before the courts and disrupted a highly organised criminal enterprise operating across multiple financial sectors,' he said. 'We are now focusing on professional facilitators who we believe are enabling this syndicate's operations – particularly those working in the professional financial industry, including accounting, financial services, and taxation.' The woman was refused bail and will appear before the Bail Division Court on Thursday.
News.com.au
3 days ago
- Business
- News.com.au
Sydney financier charged over alleged role in ghost car syndicate buying luxury cars with stolen information
A Sydney finance worker has been charged for her alleged role in a sophisticated fraud and money laundering crime syndicate that allegedly bought luxury cars using stolen personal information. The 37-year old woman was arrested at a CBD apartment about 6.50am on Wednesday when police seized luxury cars, bags and clothing worth more than $1.4m. Police found a Maserati Grecale, a Lamborghini Urus and a Ferrari F171 in the unit's carpark. The woman is facing 12 offences, including obtaining financial advantage by deception, dealing with the proceeds of crime, participating in criminal activity, creating fake documents, obtaining property by deception and using false documents to obtain financial advantage. Strike Force Myddleton began investigating the syndicate targeting Sydney automotive financing companies in January last year. Police allege the syndicate used stolen personal information to apply for loans through various financial companies to purchase luxury 'ghost cars' that did not exist. Detectives also allege the syndicate committed large-scale personal, business and home loan fraud against multiple financial institutions. A police spokesman said the NSW Crime Commission had frozen $53m in assets and 11 people had been charged under the strike force and were before the courts. Police allege the latest woman to be charged over the operation used her role as a finance professional to facilitate about $4m worth of fraud. Financial Crimes Squad commander Gordon Arbinja said investigators were now shifting their attention. 'Strike Force Myddleton has now put 11 people before the courts and disrupted a highly organised criminal enterprise operating across multiple financial sectors,' he said. 'We are now focusing on professional facilitators who we believe are enabling this syndicate's operations – particularly those working in the professional financial industry, including accounting, financial services, and taxation.' The woman was refused bail and will appear before the Bail Division Court on Thursday.
Sydney Morning Herald
30-07-2025
- Sydney Morning Herald
Police swoop on Barangaroo home, luxury cars seized in alleged multimillion-dollar scam
The accused ringleaders of a large-scale fraud and money laundering scheme allegedly used stolen personal information to apply for home and business loans used to purchase non-existent luxury cars and defraud several financial institutions of almost $17 million. Strike Force Myddleton detectives arrested the alleged ringleaders, 38-year-old Bing 'Michael' Li and 34-year-old Yizhe 'Tony' He, in sweeping raids across Sydney on Wednesday morning. NSW Police's financial crimes squad and the NSW Crime Commission launched Strike Force Middleton last January to investigate the syndicate's alleged targeting of automotive companies. But, police said, the fraud extended beyond car financing to business and home loans and targeted several financial institutions. Bing, who police allege directed the activities of the syndicate, was arrested in Barangaroo and taken to Day Street police station, where he was charged with 87 offences including knowingly directing the activities of criminal group, knowingly dealing with the proceeds of crime and dishonestly obtaining financial advantage by deception. Bing was also charged with various firearms and drug offences. Yizhe He was arrested in Seaforth and charged at Manly police station with 107 offences including participating in a criminal group and contribute criminal activity, dishonestly obtaining financial advantage by deception and knowingly dealing with the proceeds of crime. Police allege Bing and He committed $16.9 million worth of fraud between them. Both were refused police bail to appear in court on Thursday. Officers executed 10 search warrants across Sydney, raiding properties in Barangaroo, Seaforth, North Ryde, Macquarie Park, Sylvania Waters, Camperdown, Mortdale, Haymarket, Martin Place and the CBD. During Wednesday's raids, police say they seized goods worth $4 million, including two Bentleys, a Ferrari 306, a number of luxury watches and cash in Australian and American dollars, and Euros. A firearm, two tasers, body armour and a small quantity of prohibited drugs was also seized during the searches, police said.
The Age
30-07-2025
- The Age
Police swoop on Barangaroo home, luxury cars seized in alleged multimillion-dollar scam
The accused ringleaders of a large-scale fraud and money laundering scheme allegedly used stolen personal information to apply for home and business loans used to purchase non-existent luxury cars and defraud several financial institutions of almost $17 million. Strike Force Myddleton detectives arrested the alleged ringleaders, 38-year-old Bing 'Michael' Li and 34-year-old Yizhe 'Tony' He, in sweeping raids across Sydney on Wednesday morning. NSW Police's financial crimes squad and the NSW Crime Commission launched Strike Force Middleton last January to investigate the syndicate's alleged targeting of automotive companies. But, police said, the fraud extended beyond car financing to business and home loans and targeted several financial institutions. Bing, who police allege directed the activities of the syndicate, was arrested in Barangaroo and taken to Day Street police station, where he was charged with 87 offences including knowingly directing the activities of criminal group, knowingly dealing with the proceeds of crime and dishonestly obtaining financial advantage by deception. Bing was also charged with various firearms and drug offences. Yizhe He was arrested in Seaforth and charged at Manly police station with 107 offences including participating in a criminal group and contribute criminal activity, dishonestly obtaining financial advantage by deception and knowingly dealing with the proceeds of crime. Police allege Bing and He committed $16.9 million worth of fraud between them. Both were refused police bail to appear in court on Thursday. Officers executed 10 search warrants across Sydney, raiding properties in Barangaroo, Seaforth, North Ryde, Macquarie Park, Sylvania Waters, Camperdown, Mortdale, Haymarket, Martin Place and the CBD. During Wednesday's raids, police say they seized goods worth $4 million, including two Bentleys, a Ferrari 306, a number of luxury watches and cash in Australian and American dollars, and Euros. A firearm, two tasers, body armour and a small quantity of prohibited drugs was also seized during the searches, police said.
