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Thursday, June 30, 2011

Sydney woman faces $1.3m fraud allegations

Woman has been charged with fraud after police discovered she had allegedly obtained more than $1.3 million in fraudulent motor claims and loans.

Between September 2010 and December 2010, police will allege the woman lodged 46 motor equity insurance claims which had a combined total of $509,000.

The woman allegedly set up a bank account under a false name which she used when lodging the claims.

It is further alleged that in December 2010, the woman applied for, and was granted, a home loan of $720,000. Again it is alleged the woman used the false bank account to apply for the loan.

Following exhaustive inquiries, City Central Detectives today arrested the woman at a home in Gladesville.

She was taken to Ryde Police Station where she was subsequently charged with 10 counts of fraud.

Between September and December 2010 the 31-year-old filed 46 motor equity insurance claims worth $509,000, using a bank account set up under a false name, NSW police allege.

Around the same period she also obtained a home loan worth $720,000, using the same false bank account, it is claimed.

Detectives arrested the woman at a home in Gladesville, on Sydney's north shore, today.

She was taken to Ryde police station and charged with 10 counts of fraud.

She's due to appear at Sydney's Downing Centre Local Court on July 20.

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