Two individuals face charges and authorities have confiscated luxury items following an investigation into an alleged $10 million fraud scheme in Sydney.
Authorities claim a criminal group used stolen personal information from over 33 people to secure loans for non-existent luxury vehicles.
During a raid at a residence in Carlingford and a warehouse in Alexandria, police seized approximately $200,000 worth of wine, a Tesla sedan, a Mercedes Benz van, Rolex watches, and expensive jewelry, including a Cartier ring.
The 40-year-old man arrested faces charges including dealing with proceeds of crime and participating in criminal activity, while the 31-year-old woman, previously arrested, faces multiple counts of financial deception.
Investigators allege the man submitted fraudulent loan applications through the woman, who worked at an automotive financing company they allegedly exploited.
Detectives assert that the pair collectively processed over 50 luxury vehicle transactions, totaling $10 million, between November 2022 and August 2023.
Further arrests are anticipated, according to Detective Superintendent Gordon Arbinja, who warns against falling victim to such scams.
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