Bing Michael Li
Bing Michael Li, a 38-year-old Shanghai-born individual, is alleged to be the ringleader of the 'Penthouse Syndicate', one of Australia's largest fraud and money-laundering operations. Arrested in July 2023 at a luxury $18 million penthouse in Barangaroo, Li faces multiple charges including directing a criminal group and dealing with the proceeds of crime, as police investigate his involvement in defrauding the National Australia Bank of over $150 million.
Not in the pool (under ¢1).
Recent news mentions
Li was arrested in July in the $18 million penthouse of the Crown’s residential tower.
NAB employee Timotius Donny Sungkar arrested, charged over alleged Penthouse Syndicate involvement
Australia· 2025-11-06
Bing Michael Li is alleged to be the ringleader of the Penthouse Syndicate involved in fraud and money laundering.
“Michael” Li, “Yumi” Chen’s multimillion-dollar property empire revealedAustralia· 2025-10-29
Bing Michael Li is the alleged ringleader of the Penthouse Syndicate, arrested for directing a large-scale fraud operation.
Police believe ‘Penthouse Syndicate’ built Sydney property empire from defrauded millionsAustralia· 2025-09-24
