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NSW finance broker charged over $21m fraud

A NSW finance broker has been charged with being involved in an attempt to defraud a bank of more than $21 million.

The 64-year-old man was charged at Blacktown Police Station on Tuesday, with police alleging he was involved in a criminal group.

Police say fraudulent bank deposit guarantees had been used to purchase properties across the state, for an inflated commission.

Detectives have already arrested a 38-year-old woman, who is a former bank employee, and a 47-year-old man.

The pair were charged and remain before the courts.

The 64-year-old man has been charged with conspiring with others to cheat and defraud, dishonestly obtaining financial advantage by deception, and participating in a criminal group contributing to criminal activity.

The Glenwood man was granted strict conditional bail to appear at Blacktown Local Court on Thursday.

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