Three Arrested Over Alleged $428,000 Fraud Ring
May 27, 2016 | Fraud
Three men believed to be the leaders of a North Island fraud ring that allegedly ripped banks off for hundreds of thousands of dollars have been arrested in Lower Hutt.
Police claim the organised fraud group, which ran across the North Island since 2015, created false IDs - including gun licences, passports and drivers' licenses - and used them to withdraw money from banks.
It is believed the alleged offenders made off with $428,000, while another $225,000 was saved due to the quick thinking of bank staff.
The three arrests today are part of a six-month Wellington-based police operation which has seen 33 alleged fraudsters caught.
The men are believed to the leaders of the criminal operation, police said.
All three will appear in the Wellington District Court on tomorrow facing a raft of forgery and fraud charges.
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- Article originally on onenews.co.nz.
