Cryptocurrency ‘money-laundering syndicate’ is smashed as six are arrested and cash seized – weeks after man was allegedly caught with $1million in his car
- Six arrested over alleged cryptocurrency money-laundering criminal syndicate
- Last month, police arrested man, 30, seized $1million cash during vehicle stop
- On Wednesday police raided homes and seized more cash, jewellery and phones
Cybercrime Squad detectives have charged a further six people as part of an investigation into a criminal syndicate accused of laundering money using cryptocurrency.
In October detectives from the State Crime Command’s Cybercrime Squad established Strike Force Curns to investigate a criminal syndicate involved in cyber-enabled money laundering.
Last month, detectives arrested a 30-year-old man and seized $1 million cash during a vehicle stop at Strathfield. The man was charged with 24 offences and remains before the courts.
Cybercrime Squad detectives have charged a further six people as part of an investigation into a criminal syndicate accused of laundering money using cryptocurrency
Following further investigations, detectives arrested six people – a man and five women – across Sydney on Wednesday.
Police also searched home units at Newington and Strathfield, where officers seized mobile phones, laptops and tablets as well as cash and jewellery.
A 48-year-old Newington man was charged with seven counts of knowingly dealing with proceeds of crime with the intention to conceal and participate in a criminal group and contribute to criminal activity.
Police will allege in court the man was involved in the cryptocurrency money laundering syndicate and deposited cash into fraudulent bank accounts.
In October detectives from the State Crime Command’s Cybercrime Squad established Strike Force Curns to investigate a criminal syndicate involved in cyber-enabled money laundering
He was refused bail to appear at Burwood Local Court on Thursday.
A 24-year-old Strathfield woman has also been charged.
Police will allege in court the woman was involved in the cryptocurrency money laundering syndicate and dealt with proceeds of crime to the value of $3 million.
A 24-year-old Homebush West woman, a 23-year-old Denham Court woman and 23-year-old Newington woman, were all charged with recklessly dealing with the proceeds of crime.
A 23-year-old Concord woman was charged with recklessly dealing with the proceeds of crime.
All five women were granted strict conditional bail to appear at Central Local Court on April 19.
Police also searched home units at Newington and Strathfield, where officers seized mobile phones, laptops and tablets as well as cash and jewellery