Fourth man is arrested over alleged plot that used stolen personal information to apply for bogus car loans worth $10million Criminal syndicate targeted car financing industry Up to $10million in car loans was allegedly stolen READ MORE: Secret William Tyrrell tapes emerge - major development as cops reveal what they REALLY believe about missing boy's foster mother By Padraig Collins For Daily Mail Australia Published: 00:52 EST, 7 November 2024 | Updated: 00:52 EST, 7 November 2024 e-mail A fourth man has been arrested for his alleged role in a syndicate accused of using stolen personal information to apply for bogus car loans worth $10million. The 36-year-old man was arrested by Strike Force detectives at a home in Lindfield, 13km northwest of Sydney 's CBD, at about 6am on Wednesday. Jewellery and multiple luxury handbags from brands like Louis Vuitton and Chanel worth a total of $80,000 were also seized by police.
The man was charged with 19 counts of knowingly deal with proceeds of crime intent to conceal and knowingly direct activities of criminal group. He was refused bail and was set to appear in Hornsby Local Court on Thursday. Police alleged the syndicate stole information from more than 33 people to apply for loans from various financial institutions to buy luxury cars that did not exist.
An estimated $10million was stolen in the alleged fraud. Police have already charged three other people over their alleged roles in the syndicate and their cases remain before the.