NSW man charged with $ 2 million fraud | L’Express Armidale

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A man faces an NSW court charged with embezzling around $ 2 million after allegedly entering into loan and rental agreements using illegitimately created “shelf” companies. NSW Police said the 15 charges he was facing follow an investigation into reports of illegitimate companies being set up using the identities of employees of a print management company to be theirs. unknowingly. Officers arrested the 37-year-old in Guildford on Saturday. He was charged with seven counts of dishonestly obtaining a financial advantage by deception and eight counts of publishing false and deceptive material to gain an advantage. Police allege that around $ 2 million was embezzled by the man after he entered into a number of loan and rental contracts with illegitimate companies. He was denied bail to appear before the local court in Parramatta on Sunday. Associated Australian Press


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