A 38 year old man has been charged for allegedly obtaining almost $2.6 million fraudulently from one victim through a series of financial transaction.
During a Police investigation into unexplained wealth of a Dianella man resulted him arrested by financial crime squad detectives at a casino last Thursday.
Police alleged between June 2017 and November 2019, the man was accused of borrowing sums of money from the victim under false pretences.
Authorities estimated that loan amounts were between $1000 and $200,000, with a total fraudulent amount obtained being $2,596,000.
It’s understood the victim has only been repaid $41,000 and detective says it’s unlikely the victim will get the money back.
It will be further alleged the accused used the money at the casino regularly, with all the money lost in the gambling activity.
The victim was lending the money based on proposed business opportunities that were presented to him, but Police will be alleging the business activities never existed, and the relating paperwork was fraudulent.
Police say the victim didn’t have a personal relationship with the accused, but they knew each other through a religious congregation made up of members in Perth.
WA Police acting detective sergeant Jesse Stirrat from the financial crime squad says it’s important for all Western Australians to double check claims and documents with professional to avoid being conned.
“The advice will give to other members in the community to prevent this type of offence happening to you is, if approached with a business opportunity is do your due diligence. Have someone else you trust look it over, whether that be a family member or professional,” Mr Stirrat said.
A 38 year old man has been charged with 88 counts of “gains Benefit by Fraud”. He was refused bail and appeared in court last Friday, he will appear in the Perth Magistrate Court on Friday 17th, January, 2020.