A man will face court after he was charged in connection with an alleged multi-million dollar fraud and money laundering syndicate in Sydney .

In January last year, detectives began investigating a syndicate believed to be targeting Sydney automotive financing companies.

Investigators allege the syndicate was using stolen personal information to apply for loans through various financial companies to purchase luxury "ghost cars" that did not exist. 

It's further alleged the syndicate also engaged in "large-scale personal, business and home loan fraud against multiple financial institutions", police say.

Fourteen people have previously been charged under Strike Force Myddleton and remain before the courts, with the NSW Crime Commission having restrained $60 million in assets.

Fol

See Full Page