Daily London
Police have charged three men in Sydney over an alleged insurance fraud syndicate worth more than $1 million and involving hundreds of cases.
Officers yesterday raided properties in Denham Court and Hinchinbrook, in the city’s south-west, and arrested the trio, aged 37, 38 and 40.
They were charged with a string of offences, including obtain financial advantage by deception, participating in a criminal group and drug supply.
The investigation dates from March 2024, when police set up Strike Force Loughton, to investigate suspected fraudulent payments made by an employee at a worker’s compensation and insurance claim company.
During the investigation, detectives found that between November 2022 and September 2023, a 38-year-old man allegedly arranged for 787 fraudulent invoices – totalling $1,000,957.55 – to be unlawfully paid to two other men.
In his role as a case manager, the man is accused of approving false invoices for lawn mowing, cleaning and other domestic services, which were then processed and paid.
Police will allege in court that the funds were electronically transferred between the bank accounts of all three men.
The three men were refused bail and are due to appear in court today.
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