Property scam nets WA trio $6 million

Three Western Australian men have been charged with scamming $6 million from foreign buyers when purchasing six rural properties on their behalf.

The Major Fraud Squad said the three men – a 70 year-old and a 45 year-old from York, and a 43 year-old from South Perth – misrepresented the sale price of properties in the state’s mid west region, and funnelled the profits into other companies.

The sales took place between 2008 and 2011 and were worth more than $17 million.

The trio will appear in the Perth Magistrates Court later this month.

More to come.

Alistair Walsh

Alistair Walsh

Deutsche Welle online reporter

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?