The Penthouse Syndicate
Detectives allege he then helped defraud his former employers of hundreds of millions of dollars.January 19, 2026Riley WalterCrimeThe fortune-teller, the Dover Heights mansion and the alleged $70m fraudThe feng shui master predicted riches for her clients, police allege. It didn’t stop a lavish lifestyle and buying a portfolio of multimillion-dollar homes.Riley WalterAdvertisementExclusiveThe Bondi beauty salon and the alleged $10 million scamThe Beauty Pavilion’s grand opening was a festival of extravagance. Police have now gatecrashed the party.Riley WalterOther seriesAustralia’s baby bustThe fertility rate in Australia is at a record low.
- ▪Detectives allege he then helped defraud his former employers of hundreds of millions of dollars.January 19, 2026Riley WalterCrimeThe fortune-teller, the Dover Heights mansion and the alleged $70m fraudThe feng shui master predicted riches
- ▪It didn’t stop a lavish lifestyle and buying a portfolio of multimillion-dollar homes.Riley WalterAdvertisementExclusiveThe Bondi beauty salon and the alleged $10 million scamThe Beauty Pavilion’s grand opening was a festival of extravaganc
- ▪Police have now gatecrashed the party.Riley WalterOther seriesAustralia’s baby bustThe fertility rate in Australia is at a record low.
Opening excerpt (first ~120 words) tap to expand
SeriesThe Penthouse SyndicateMultimillion-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.10 storiesSaveYou have reached your maximum number of saved items.Remove items from your saved list to add more.ShareUpdatedCrimeSydney couple fleeced bank of more than $40m, police allegeThe married couple helped the Penthouse Syndicate build a luxury property empire across Sydney, detectives allege.May 27, 2026Riley WalterExclusiveCrimeBanker, broker, nightclub owner: The alleged fraudster who outsmarted two of Australia’s biggest banksFor years, Andrew W Hu learnt the finance giants’ systems inside out.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.