Penthouse Syndicate investigation
- Series
- Organised crime
The Penthouse Syndicate
Multimillion-dollar properties, sports cars and a life of luxury: Inside what is alleged to be one of the largest fraud and money-laundering syndicates in Australian history.
Latest
- Updated
- Crime
Sydney couple fleeced bank of more than $40m, police allege
The married couple helped the Penthouse Syndicate build a luxury property empire across Sydney, detectives allege.
- Riley Walter
Pitt Street lawyer accused of $25 million fraud
A 32-year-old partner of a boutique Sydney law firm is accused of helping the Penthouse Syndicate fraudulently purchase luxury properties and launder millions of dollars.
- Riley Walter
- Exclusive
- Crime
Banker, broker, nightclub owner: The alleged fraudster who outsmarted two of Australia’s biggest banks
For years, Andrew W Hu learnt the finance giants’ systems inside out. Detectives allege he then helped defraud his former employers of hundreds of millions of dollars.
- Riley Walter
- Exclusive
- Crime
Anya earned $400 a week. To The Star she was a high-rolling VIP, police allege she was a massive fraudster
The state’s gambling regulators have launched an investigation into why the alleged head of a major crime syndicate was able to gamble a fortune at the embattled casino despite living off a meagre pension.
- Riley Walter
The fortune-teller, the Dover Heights mansion and the alleged $70m fraud
The feng shui master predicted riches for her clients, police allege. Now, detectives investigating Sydney’s Penthouse Syndicate have swooped.
- Riley Walter
- Exclusive
- Crime
Luxury watches and jewellery: The extravagant life of an alleged NAB fraudster
NAB employee Timotius Donny Sungkar has been charged over his role in the Penthouse syndicate’s alleged $150m bank fraud.
- Riley Walter
- Exclusive
- Crime
The multimillion-dollar property empire behind the Penthouse Syndicate
While their businesses were recording losses in the hundreds of thousands, Bing “Michael” Li and Zhouyao “Yumi” Chen were living a lavish life of sports cars, designer clothes and luxury watches.
- Riley Walter
- Exclusive
- Crime
How the Penthouse Syndicate allegedly took one of Australia’s biggest banks for $150m
A spectacular arrest at one of Sydney’s most glamorous addresses has exposed what is allegedly one of the largest fraud and money-laundering syndicates in Australian history.
- Riley Walter
- Exclusive
- Crime
The Uber driver, the factory worker and the $15m Sydney property empire
The couple rarely earned more than $80,000 a year. It didn’t stop a lavish lifestyle and buying a portfolio of multimillion-dollar homes.
- Riley Walter