Mortgage broker faces $6.1m fraud charges

A broker, who already stands accused of defrauding up to $5 million from his clients, has been charged with new offences involving a further $1.1 million.

Samer Hraiki yesterday faced a further five charges of obtaining money by deception.

In July, his lawyer told the court Mr Hraiki had encountered financial difficulties while developing a property in Kings Cross that would have realised tens of millions of dollars in profit.

At the time, Magistrate Allan Moore commented that at one point there had been $5 million worth of dishonest activities.

The new charges cover dates between September 2006 and April this year.

In July, it was reported that Mr Hraiki had allegedly taken more than $490,000 from one victim.

He was once again refused bail and will re-appear in Court on 8 December.