9News | Pair arrested over alleged role in multi-million Sydney fraud scheme by 9News AI generated summary, Read the full article for complete information. A former banker and a former financial broker have been charged with participating in a $44 million fraud and money‑laundering scheme that used stolen personal information to obtain loans for non‑existent “ghost cars” and to secure fraudulent personal, business and home loans. Police raided a home in Wentworth Point, arresting a 34‑year‑old man who, as a business‑development manager, helped the syndicate acquire mortgaged properties worth over $25 million and business loans exceeding $6 million by creating false documents, and a 35‑year‑old woman who, as a financial broker, applied for almost $13 million in loans using fabricated paperwork. Both were charged with participating in a criminal group and related offences and were denied bail. The investigation has so far implicated 25 people, with the NSW Crime Commission freezing $95 million in assets, including a solicitor previously charged for laundering millions on behalf of the syndicate. Read more: https://www.9news.com.au/national/two-charged-alleged-role-multi-million-sydney-fraud-scheme/c6f4c957-a20d-45c2-a6e9-e6626b114a3e #Sydney #WentworthPoint #BurwoodLocalCourt #NSWCrimeCommission #Sydney_basedsyndicate