28 August 2024, 10:55am
Media Release
Sydney man sentenced for fraud offences after swindling $53,000 from financial organisation
A former Australian bank employee has been sentenced for illegally accessing bank customers’ accounts and personal information to swindle more than $53,000 from another financial organisation.
The man, 26, was sentenced by the Downing Centre District Court on Tuesday (27 August, 2024) to an intensive correction order for two years and eight months and 500 hours community service after pleading guilty in September, 2023 to four offences relating to the identity theft and fraud.
He used personal identification information of bank customers to facilitate fraudulent activities, resulting in obtaining more than $53,000 in criminal proceeds from the financial organisation. The man utilised bank customer details to open falsely registered accounts and obtain numerous debit cards.
Eastern Command Cybercrime launched an investigation in June 2022 after an Australian financial institution reported that the employee suspected he had unlawfully accessed a number of customers’ accounts in June, 2022.
Police executed a search warrant at the man’s Balmain East home on 10 August, 2022, where they located and seized six phones, four laptops, between 50-60 debit cards in his name, six debit cards in the names of multiple victims, a large amount of SIM cards and bank documents.
The man was sentenced in the Downing Centre District Court yesterday (27 August, 2024) after pleading guilty to one count each of:
- Dishonestly obtain/deal in personal financial information, contrary to section 480.4 of the Criminal Code 1995 (Cth);
- Access data by carriage service with intent to commit a serious offence, contrary to section 477.1(1)(a)(i) of the Criminal Code 1995 (Cth);
- Possession of identification information, contrary to section 372.2(1) of the Criminal Code (Cth); and
- Dishonestly obtain financial advantage or cause disadvantage by deception, contrary to section 192E(1)(b) of the Crimes Act 1900 (NSW).
He was sentenced to an intensive correction order for two years and eight months, including 500 hours of community service.
AFP Commander Kate Ferry said the AFP would continue to work with domestic law enforcement and other partners to identify and disrupt the criminal activities of people who attempt to defraud Australians.
“The AFP will not tolerate the exploitation of Australians, especially by people who are using their trusted positions or access to steal other people’s savings or personal data,” Cmdr Ferry said.
“The AFP has strong partnerships with financial institutions and law enforcement agencies across Australia and overseas to identify and stop criminal activity.
“The consequences of identity theft can have devastating impacts on victims, and we encourage any Australian who notices anomalies in their banking accounts to contact their bank immediately and report the matter to Report Cyber at cyber.gov.au.”
The AFP-led Joint Policing Cybercrime Coordination Centre (JPC3) brings together Australian law enforcement and key industry and international partners to fight cybercrime and prevent harm and financial loss to the Australian community.
We are committed to equipping all Australians with the knowledge and resources to protect themselves against cybercrime.
Watch our cybercrime prevention videos and protect yourself and others from being a victim of cybercrime.
If there is an immediate threat to life or risk of harm, call 000.
If you are a victim of cybercrime, report it to police using Report Cyber.
