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Financial Crimes Squad detectives charge man over alleged $30,000 corporate fraud

Friday, 12 November 2021 12:54:47 PM

Financial Crimes Squad detectives have charged a man over an alleged fraud against a financial institution valued at $30,000 more than five years ago.

In November 2015, detectives attached to the State Crime Command’s Financial Crimes Squad commenced an investigation under Strike Force Woodfull into reports of corporate bank fraud.

In early 2016, a financial institution reported the suspicious loss of more than $31,000 to police.

Following an internal investigation by the bank in Rockdale, a 25-year-old man’s employment was terminated.

After extensive investigations, strike force detectives arrested a man – now aged 32 – at a home at Peakhurst about 6.30am yesterday (Thursday 11 November 2021).

The man was taken to Kogarah Police Station and charged with two counts dishonestly obtain financial advantage by deception, two counts steal property as clerk/servant less than $2000, and steal property as clerk/servant more than $5000 less than $15,000.

Police will allege in court that the man – who was an employee at a financial institution – fraudulently obtained a total of $31,358 through separate transactions between October and November 2015.

The man was granted strict conditional bail and is due to appear at Sutherland Local Court on Tuesday 18 January 2022.

Inquiries under Strike Force Woodfull are continuing.

Anyone with information about fraud-related offences is urged to contact Crime Stoppers: 1800 333 000 or https://nsw.crimestoppers.com.au. Information is treated in strict confidence. The public is reminded not to report information via NSW Police social media pages.

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