A second woman faced the Armidale Local Court yesterday as a part of an investigation into an alleged large-scale investment fraud scheme in the Armidale.
In July last year, detectives charged a 57-year-old woman over an alleged investment scam involving the sale of an Armidale company’s shares.
Between 2014 and 2018, police identified 22 victims of the scam, who have allegedly been defrauded more than $2.1 million.
Following extensive inquiries, strike force investigators arrested a 40-year-old woman at a home in Invergowrie on Wednesday.
Police allege the lady assisted the 57-year-old woman in falsifying a contract for the sale of the Armidale business, with the intent of obtaining $4.38 million.
The woman was taken to Armidale Police Station and charged with publish false or misleading material to obtain advantage.
Investigations into the scam are continuing and further arrests are expected to be made.