00:00Two alleged ringleaders of a multi-million dollar fraud and money laundering syndicate have been
00:18arrested after a major police operation across Sydney. Detectives from the financial crime squad
00:24executed 10 search warrants on Wednesday, seizing $4.1 million in luxury goods, including
00:32Bentleys, a Ferrari, firearms, cash and designer items. An additional $20 million in assets were
00:48frozen, bringing the total to $38 million. A 38-year-old Barangaroo man faces 87 charges,
00:57accused of committing $12.9 million in fraud.
01:01A 34-year-old Seaforth man was charged with 107 offences linked to $4 million in fraud.
01:19Police allege the men directed a sophisticated scheme using stolen identities to secure loans
01:24and purchase non-existent ghost cars.
Comments