NSW police bust alleged $10 million fraudulent car financing scheme

AutoExec Summary
Two individuals have been arrested and charged in connection with a $10 million financing fraud scheme that targeted a Sydney automotive group. The investigation, led by Strike Force Myddleton, uncovered a criminal syndicate using stolen personal information to apply for financing to purchase luxury cars that did not exist. A 31-year-old woman was arrested for multiple counts of financial deception and drug possession, while a 40-year-old man was charged with dealing proceeds of crime and participating in a criminal group. Further arrests are expected, with Detective Superintendent Gordon Arbinja confirming that more targets are being pursued. The investigation has prevented further victims from falling prey to this fraudulent scheme.

Brands mentioned: Tesla, Mercedes-Benz