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Monday, March 4, 2024

Man, 74, charged in multi-million dollar fraud

A 74-year-old Queensland man has been charged with $2.76 million worth of property and mortgage fraud in NSW.

Earlier this year, detectives from the NSW Police State Crime Command’s Financial Crimes Squad established Strike Force Colloden to investigate reports of property and mortgage fraud across the state.

Following extensive inquiries, officers charged the 74-year-old man with 19 fraud-related charges.

Police will allege in court that the man created fraudulent mortgage documents to deceive a liquidator to retain ownership of a property valued at $2.2 million.

The man also allegedly produced forged mortgages and legal documents to defraud a government agency of $200,000.

It will be further alleged he was involved in fraudulent offences to the value of $360,000.

The man is due to appear at Parramatta Local Court today.

Anyone with information relating to property fraud 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 crime via NSW Police social media pages.

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