Sydney accounting firm staff arrested in alleged $500m bank fraud
Three staff members at a Sydney accounting firm have been arrested over allegations they were part of a syndicate that defrauded major Australian banks of up to $500 million. Police allege the scheme used stolen identities and fake documents to secure loans for non-existent luxury cars before expanding into property and business finance. Thirty-three people have been charged so far, with dozens more arrests expected in what is being described as one of Australia's biggest alleged financial crimes.See omnystudio.com/listener for privacy information.
The skinny
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