Millions from an alleged $70 million fraud scheme were invested in a luxury club chain, a car dealership for the rich and a cannabis supplier, liquidators say.
Fair Trading
Luxury car dealer Galleria SUV Pty Ltd has had its Motor Dealer’s Licence permanently disqualified by NSW Fair Trading after serious charges were brought against its sole Director by NSW Police.
According to documents provided by NSW Police, Mr Simon Wakim the sole director of Galleria SUV Pty Ltd was charged with several serious offences that involved him allegedly:
Obtaining financial advantage and causing a financial disadvantage by deception totalling $950,000
Threatening the lives of individuals and their families
Demanding with the assistance of members of an outlaw motorcycle gang that motor vehicles be removed from the Personal Property Securities Register