Police bust Aussie crypto scam, seize Ferrari, watches, weapons
A pair of Australian men behind a crypto scam conned two businesses out of AU$5.5 million ($3.7 million) have been arrested and authorities have seized a vast collection of luxury cars, high-end watches, and even a pair of nunchucks. Back in March, Sydney police launched ‘Strike Force Scotland’ to investigate claims of the scam that allegedly dates back to 2021. As a result of this investigation, two men were arrested earlier this month. The youngest of the pair was apprehended on June 16 after police stopped his car. He was charged with three counts of deception in pursuit of financial gain and knowingly handling the proceeds of crime in relation to the alleged crypto scam. The second man was arrested five days later and charged with handling the proceeds of the crime. New South Wales police said they will “allege in court the younger man allegedly defrauded the companies using a Crypto currency scam, whilst the older man authorized the funds and arranged the disposal ...