Two people have been arrested and charged following a New South Wales Police investigation into an alleged $10 million financing fraud scheme that targeted a Sydney automotive group. Strike Force Myddleton was instigated by detectives attached to State Crime Command’s Financial Crimes Squad – with assistance from the NSW Crime Commission (NSWCC) – in January. The Strike Force’s investigations were centred around an alleged criminal syndicate targeting automotive financing companies.
Know the news with the 7NEWS app: Download today According to New South Wales Police, the syndicate was allegedly using the stolen personal information of over 33 people to apply for financing through the various companies to purchase luxury cars. However, the vehicles didn’t exist. The investigation led to a first search warrant being executed on May 15, when a 31-year-old woman who was an employee of the automotive financing business was arrested at a Middleton Grange home.
She was later charged at Liverpool Police Station with 102 counts of dishonestly obtaining financial advantage by deception and one count of possessing prohibited drugs. Further investigations – aided by the Raptor Squad and NSWCC – led to more search warrants being executed at a home in Carlingford and a warehouse unit in Alexandria on August 14. Detectives reportedly seized a Tesla Model Y, a Mercedes-Benz van, multiple Rolex watches, large amounts of luxury jewellery and an estimated $200,000 worth of wine an.