Hells Angels bikie boss Felix Lyle has pleaded guilty in a Sydney court to attempted fraud worth more than $2.1 million.
Lyle, who appeared in Downing Centre Local Court today, pleaded guilty through his lawyer to two counts of dishonestly gaining financial advantage by deception and dealing with the proceeds of crime.
The charges relate to attempts to fraudulently obtain financing for a commercial property in Alexandria worth $1.2 million and four Caterpillar excavators worth $940,000 between August 2010 and January 2011.
Court papers showed Lyle, 55, and several associates used "vulnerable people" to become directors of dummy companies, including a woman with terminal cancer who was listed as the director of BRZ Investments Pty Ltd.
This company was used to obtain financing to purchase high-value items, including the excavators and the property.
The transactions were terminated by police following a surveillance operation.
The proceeds of crime charge relates to four Harley Davidson motorbikes, worth $140,000, which Lyle used during a Hells Angels national run around Australia, the papers said.
Lyle, who is on bail, will face a sentence hearing in the District Court in Sydney on November 9.
The matters relating to his co-accused remain before the courts.
