Fraud syndicate believed to be targeting super members
Superannuation fund members are being targeted by a fraud syndicate based in Sydney that is using fake identities to empty their super accounts, according to police investigating the organised crime ring.
Strike Force Gamut, the Harbourside investigators inquiring into the crime ring, believe that the group has used stolen superannuation statements and forged identity documents to operate self-managed super funds through the Australian Tax Office, rolling over cash from the super accounts into fraudulent bank accounts.
The syndicate is being investigated for allegedly using fake identification to create bank accounts to funnel stolen money offshore.
Inspector Greg Jewiss from the Harbourside Locale Area Command has urged the public to be vigilant about protecting their personal and business information.
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