A second man has been arrested during an investigation of suspected fraud against a Geelong-based not-for-profit organisation.
A 74-year-old man was arrested by Financial Crime Squad detectives in Geelong on Thursday, September 5, following an alleged fraud incident against genU.
Police interviewed the Leopold man and subsequently released him pending further investigation into the activity that allegedly occurred over five years and involved several million dollars.
An investigation initially commenced in February 2023 after genU reported the matter to police, which identified suspicious activity related to accounts being wrongfully charged.
genU chief executive Clare Amies said she was glad to see the investigation progress with the second arrest and that the organisation would continue to work with police to “ensure justice is served”.
“At no stage has this impacted our day-to-day service delivery or the way we support those communities we serve,” she said.
“Our amazing employees demonstrate an unwavering commitment to our clients, their families and carers, and to our purpose which is to enrich people’s lives.
“For someone to allegedly take advantage of a not-for-profit organisation who provides important supports and services to vulnerable community members is disgraceful.”
Police executed a warrant in August at a residential address in Newtown, with a 57-year-old man interviewed and subsequently released pending further enquiries.
Detectives have obtained financial and business records from the genU, which continue to be forensically assessed.
Victoria Police said investigators were interested in speaking with anyone who may have knowledge of the matter and those responsible. This information can also be provided to police anonymously.
Anyone with any information is urged to contact Crime Stoppers on 1800 333 000 or make a confidential report at crimestoppersvic.com.au
