A middle-aged, unemployed financier has been charged over an elaborate credit card scam operating in Sydney’s west.
Police will allege the man, from Guildford West, completed credit card application forms with fraudulent and misleading documentation on behalf of third parties.
His arrest follows an extensive three-year investigation into a complaint by a leading financial institution about the fraudulent applications, police say.
Officers executed a search warrant at the man’s home in Bowden Street about 3.30pm (AEDT) on Wednesday where they arrested him.
He has been charged with six counts of obtaining money by false or misleading statements and one count of obtaining benefit by deception.
The man has been granted conditional bail to appear at Fairfield Local Court on February 17.