Detectives from the Financial Crime Squad have arrested a man today as part of their investigation into reports of suspected fraudulent activity linked to Geelong based organisation genU.
A warrant was executed at a residential address in Newtown this morning.
A 57-year-old Newtown man was interviewed by police and subsequently released pending further enquiries.
The matter was initially reported to police by the organisation and an investigation commenced in February 2023, after they identified suspicious activity relating to accounts being wrongfully charged to the organisation.
The report was then assessed by police and an investigation commenced.
The activity is alleged to have occurred over about five years and involves several million dollars.
Detectives have obtained financial and business records from the organisation and these continue to be forensically assessed.
Investigators are keen to speak to 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 www.crimestoppersvic.com.au
