• Series
• Organised crime

The Penthouse Syndicate

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.

• Exclusive
• Crime

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
• Riley Walter

• Exclusive
• Crime

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
• Riley Walter

• Exclusive
• Crime

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
• Riley Walter

• Exclusive
• Crime

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
• Riley Walter

• Exclusive
• Crime

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
• Riley Walter