A MAN who allegedly spent in excess of $2 million to which he was not entitled will have his case heard before court in February.
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Police on Wednesday morning arrested and charged Luke Brett Moore from his West Goulburn home for what they claimed was fraud totalling $2,189,000.
Moore was granted strict conditional bail at Goulburn Local Court on Wednesday, hours after police conducted a search of his home and seized tens of thousands of dollars worth of assets, including Maserati, Alfa Romeo, Aston Martin and Hyundai Veloster motor vehicles, a Stressl boat, memorabilia and artworks.
He is charged with knowingly dealing with proceeds of crime and dishonestly obtaining financial advantage by deception. His arrest came on the back of assistance from banking institutions.
Police allege the accused, a 25-year-old, spent the money between March 10, 2010 and July 13 this year.
In March, 2010, Moore established a complete freedom account with St George Bank. Moore overdrew the account on 48 occasions, police alleged.
The account was set up on the proviso a relationship officer would oversee transactions. Police claimed this did not occur throughout the account’s life.
Between March 11 and July 13 of 2010, the accused received credits totalling $6682.04 from depositors Centrelink Newstart and CICA Comm.
On October 29, 2010, Moore opened an I-saver account with the National Australia Bank.
Further credits totalling $2153 arrived from Centrelink Newstart. On January 17 a cheque to the value of $17,638.31 was deposited into the account. Seven days a later, a total of $103,691.30 was added to the account.
As of July 16 this year, the NAB account held a total of $507,566.29.
The accused had previously opened a paypal account with the NAB. Between December 21, 2011 and July 13, 2012 a total of $1,789,000 had been transferred from Moore’s complete freedom St George account to the NAB paypal account. On December 16, 2011 Moore opened a second NAB I-saver account, this time through a Surfers Paradise branch. As at August 31, that account held $271,525.83.
On May 17, the accused opened an I-saver account with the NAB’s Canberra City Branch. On August 31, the account contained $202,839.42.
By the time Moore’s St George complete freedom account was closed on August 10, 2012, it was overdrawn by the sum of $2,180,583.86.
