Home / Crime and Justice / Ex-NAB Manager Charged in $150M Fraud Ring
Ex-NAB Manager Charged in $150M Fraud Ring
23 Apr
Summary
- Twelve charges filed against former legal sector employee.
- Allegations involve $25 million in mortgaged properties.
- Millions of dollars allegedly laundered by syndicate members.
A former NAB manager, with prior experience in the legal sector, has been charged with twelve offenses, including allegations of participating in a significant criminal group. Police state he used his professional position to aid syndicate members in acquiring multiple mortgaged properties valued at over $25 million.
These properties were reportedly registered under various syndicate members' names. The ex-manager also faces accusations of laundering millions of dollars for the group. The charges encompass dishonestly obtaining financial advantage by deception, knowingly dealing with the proceeds of crime, and group participation.
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