Fraudsters drawn to Australia’s property lending honeypot
ANALYSIS: Australian banks could have been scammed for more than A$3b in an industry-wide fraud by criminals using AI to fake documents.
WATCH: NBR senior journalist Lachlan Colquhoun speaks with Simon Shepherd.
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Dressed in a Country Road jumper and shorts with sandals and socks, Sydney lawyer Elic Tang was roused from his bed and then escorted by police to a waiting paddy wagon last week.
Down in Melbourne, accountant Andy Gao was also arrested and charged, and faces serious jail time if convicted.
The two
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