Health insurance company defrauded of $1.6M

A Point Frederick man has been charged after allegedly defrauding a health insurance company of approximately $1.6M.

Between June and October 2019, a health insurance company reported to police that more than $175,000 of fraudulent claims were paid to a large number of identities, all allegedly linked to the same account.

The matter was reported to Brisbane Water Police District and inquiries commenced.

Following a lengthy investigation, police will allege that over 13,000 fraudulent claims were made to the value of approximately $1.6M.

On Monday, May 11, police attended a unit in Shortland St, Point Frederick, and executed a search warrant seizing computer equipment, financial documents and communication devices, along with a Mercedes Benz and designer clothing.

Brisbane Water Detectives arrested a 32-year-old man and he was taken to Woy Woy Police Station.

He was charged with dishonestly obtain financial advantage by deception.

He was granted conditional bail and is due to appear at Gosford Local Court on July 17.

Press release, May 12
NSW Police Media