<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A bank employee has been charged over his alleged role in what police have called a highly sophisticated multi-million-dollar "ghost car" fraud and money laundering syndicate operating across </span><a href="https://www.9news.com.au/sydney" rel="" target="_blank" title="Sydney"><span>Sydney</span></a><span>.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Police began investigating a criminal syndicate targeting Sydney automotive financing companies.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Detectives believe the syndicate was using stolen personal information to apply for loans through various financial companies to purchase luxury "ghost cars" that did not exist.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/wollert-fatal-shooting-athan-boursinos-cctv-released-melbourne/db81fa8e-80bc-421c-9e07-984a113d2579" rel="" target="_blank" title=""><strong><span>Melbourne man's killers travelled from NSW for hit, police say</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Ongoing investigations revealed the syndicate's operations extended well beyond car financing fraud to large-scale personal, business and home loan fraud against multiple financial institutions.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Fifteen people have previously been charged under Strike Force Myddleton and remain before the courts, with the NSW Crime Commission having restrained $60 million in assets.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Following further inquiries, at about 6am yesterday, police arrested a 36-year-old man in Bonnyrigg.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/bank-employee-charged-over-alleged-multi-million-dollar-ghost-car-fraud-scheme/ffc440e3-8fa7-4ad3-806d-2daceffcaa0f" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/amar-kettule-2021-shooting-death-two-men-arrested-sydney/209366da-527a-41da-8366-845255bf9a90" rel="" target="_blank" title=""><strong><span>Two charged over 2021 murder of man gunned down in Sydney driveway</span></strong></a><strong><span></span></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>During the search, police allegedly seized about $60,000 worth of luxury jewellery and watches.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The 36-year-old was charged with 19 offences including nine fraud charges, dealing with the proceeds of crime, and participating in a criminal group.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>He was refused bail and will appear in court today.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Police will allege the man used his position as a bank employee to help the syndicate apply for about $10 million worth of business loans.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The charges are the latest blow to what Nine's </span><a href="https://www.smh.com.au/national/nsw/nab-employee-charged-over-role-in-penthouse-syndicate-s-alleged-150m-bank-fraud-20251105-p5n81i.html" rel="" target="_blank" title="Sydney Morning Herald has revealed"><em><span>Sydney Morning Herald</span></em><span> has revealed</span></a><span> as allegedly one of the biggest fraud syndicates in Australian history</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple App Store</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a><strong><em><span>.</span></em></strong></div></div>