NSW man arrested, charged with mortgage fraud

Fraud and Cybercrime Squad detectives have arrested and charged a 41-year-old man with fraud offences following a nine-year-investigation targeting organised mortgage fraud.

Strike Force Apia was formed in 2007 to examine cases of complex, large-scale mortgage frauds across NSW, and has resulted in the arrests of numerous people for various offences.

That includes the 41-year-old man who was arrested at Katoomba yesterday (Monday 26 October 2015).


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He was charged with use false instrument with intent and make false statement to obtain money. He was granted conditional bail to appear at Downing Centre Local Court on Monday 9 November 2015.

Police will allege the man assisted with the fraudulent application of a home loan for $460,000 using false documents.

It will be alleged he was part of a wider, organised syndicate involved in large-scale fraud within the finance industry.

Strike force investigators have previously arrested and charged 18 people with more than 100 offences, relating to fraudulently obtained loans worth $16 million.

Through their inquiries, police have also prevented other fraudulent loan applications, totalling more than $55 million, from being processed.

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