One of the members of a sophisticated fraud syndicate has been revealed to be a small business owner who allegedly used his store’s EFTPOS terminal as part of the fraud.
Just days after the Australian Federal Police (AFP) revealed that seven people had been arrested for identity fraud, police said that one of those people is a business owner from Lakemba in Sydney’s west.
The joint investigation by AFP officers and NSW Police uncovered an alleged ring of targeted identity theft, whereby financial mail was stolen and used to obtain credit cards to make purchases and withdraw cash.
“When considering the scale and prevalence of identity crime in Australia — with one in five Australians having been a victim at some point in their lives — it’s not surprising these networks will try any means they can to prey on everyday people,” said detective superintendent Brett James of the AFP’s Organised and Cyber Crime division at the time of the arrests.
The unidentified 31-year-old Lakemba man was arrested on Saturday, 2 December, on arrival at Sydney Airport.
It is alleged that the suspect helped facilitate large transactions with these fraudulent cards through the EFTPOS terminal in his store, before distributing the cleared funds among the syndicate members.
He will appear in court on 11 January 2018.
According to the AFP, investigations are continuing and more charges are expected to be laid in relation to the syndicate’s activities.
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.