A disgraced Sydney property developer has been charged after a fake police identification card handed into Bondi Police Station led officers to an alleged cache of counterfeit badges, replica firearms, and large amounts of steroids and cocaine inside a Double Bay apartment.

Police began investigating Jaime Charles Farrelly on Thursday, after a member of the public handed in an AFP badge and identification that led police to the 50-year-old. Farrelly has since been charged with one count of impersonating a federal public official, possession of prohibited firearms, and supplying a prohibited drug.

It followed a search warrant at a Double Bay address on Friday, in which allegedly fraudulent badges were found mimicking those carried by NSW, Victorian and federal police officers, and cards f

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