DETECTIVES from the State Crime Command’s Fraud and Cybercrime Squad have charged an Ulladulla man who was wanted for fraud offences totalling close to $5 million.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
Strike Force McMaster is a Fraud and Cybercrime Squad investigation into alleged mortgage and equipment finance fraud, in which a number of dummy companies were set up and fake invoices were used to obtain finance.
On Sunday, October 26, a 39-year-old Ulladulla man was arrested by officers from the Shoalhaven Local Area Command for common assault and intimidation offences.
The man – who was also wanted on an outstanding warrant for major fraud offences – was taken to Nowra Police Station and charged with numerous offences, including common assault, use intimidation/violence to unlawfully influence a person, and recklessly deal with the proceeds of crime.
The recklessly deal with the proceeds of crime charge relates to the man’s alleged involvement in defrauding a bank out of $4.92 million.
Bail refused, the man appeared in Nowra Local Court on Monday, October 27, where he was again refused bail to next appear on December 2.
Strike Force McMaster investigators have charged 21 people with a total of 381 offences for frauds with a combined value in excess of $36 million.
The commander of the Fraud and Cybercrime Squad, Detective Superintendent Arthur Katsogiannis, commended Strike Force McMaster detectives for their work.
“This has been a long and complex criminal investigation, but the detectives working the case have been unyielding in their effort,” Detective Superintendent Katsogiannis said.
“More than 20 people have been arrested and more than 380 charges have been laid, and yet we’re still not done.
“The officers managing Strike Force McMaster are committed to tracking down and charging anyone who was involved in these fraud offences, and we expect to make even more arrests.”
Police have urged anyone with information about fraud to call Crime Stoppers on 1800 333 000 or use the Crime Stoppers online reporting page: https://www1.police.nsw.gov.au/. Information provided will be treated in the strictest of confidence.