A Perth accountant has been charged with 130 counts of fraud. Source: HWT Image Library
A PERTH accountant has been charged with 130 counts of gaining a benefit by fraud after allegedly making false loan applications totalling nearly $5m.
Police said the 41-year-old man from Menora in Perth's inner north ran an accounting business and used a funding company to arrange loans for clients to pay their professional fees and insurance premiums.
They said that in May 2009 the man began submitting loan applications based on fake invoices, using his clients' business details without their knowledge and directing the funds to his own accounts.
By June 2010 the man began defaulting on repayments of the loans, which included 130 separate loan applications, with outstanding loans of almost $4.8 million, police said.
The man was charged on Tuesday with 130 counts of gaining a benefit by fraud and will appear in the Perth Magistrates Court on July 14.
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