A WOMAN has appeared in court charged in connection to a multi-million-dollar investment fraud in Armidale.
Petrina Anne Eisenhauer is alleged to have been involved in falsifying a contract for the sale of an Armidale business, with the intent of obtaining $4.38 million.
The 40-year-old appeared in Armidale Local Court on Monday, flanked by a solicitor, on one charge of publishing false or misleading material to obtain an advantage.
Eisenhauer was arrested by Armidale detectives last week at an Invergowrie home, which was also raided by officers who seized documents and electronic storage devices that will now undergo forensic examination.
She was granted conditional bail by police, which was continued in court on Monday by magistrate Michael Holmes.
Eisenhauer was not required to enter a plea to the charge and returns to court in June.
Strike Force Amaranthus has been investigating a multi-million-dollar investment scam which they allege centred on sales of shares connected to an Armidale company.
A second woman, Sandra Henri Edmonds, was charged in July last year with 22 fraud offences as part of investigations by Strike Force Amaranthus.
She remains bail refused and will appear in court at a later date.
Police said further arrests are expected as part of the investigation.