3 months ago
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The Penthouse Syndicate
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Series
Multimillion-dollar properties, sports cars and a life of luxury: Inside what is alleged to be one of the largest fraud and money-laundering syndicates in Australian history.
6 stories
Breaking
The fortune-teller, the Dover Heights mansion and the alleged $70m fraud
The feng shui master dreamed of becoming a billionaire from her luxury eastern suburbs home, police say. Now, detectives investigating Sydney’s Penthouse Syndicate have swooped.
- 1 hour ago
- by Riley Walter
Exclusive
Luxury watches and jewellery: The extravagant life of an alleged NAB fraudster
NAB employee Timotius Donny Sungkar has been charged over his role in the Penthouse syndicate’s alleged $150m bank fraud.
- November 7, 2025
- by Riley Walter
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The multimillion-dollar property empire behind the Penthouse Syndicate
While their businesses were recording losses in the hundreds of thousands, Bing “Michael” Li and Zhouyao “Yumi” Chen were living a lavish life of sports cars, designer clothes and luxury watches.
- October 30, 2025
- by Riley Walter
Exclusive
The Uber driver, the factory worker and the $15m Sydney property empire
The couple rarely earned more than $80,000 a year. It didn’t stop a lavish lifestyle and buying a portfolio of multimillion-dollar homes.
- September 23, 2025
- by Riley Walter
Exclusive
The Bondi beauty salon and the alleged $10 million scam
The Beauty Pavilion’s grand opening was a festival of extravagance. Police have now gatecrashed the party.
- September 10, 2025
- by Riley Walter
Exclusive
How the Penthouse Syndicate allegedly took one of Australia’s biggest banks for $150m
A spectacular arrest at one of Sydney’s most glamorous addresses has exposed what is allegedly one of the largest fraud and money-laundering syndicates in Australian history.
- September 25, 2025
- by Riley Walter
