Tweet Facebook Mail Two people have been charged and luxury items have been seized after an investigation into an alleged $10 million fraud plot in Sydney. Investigators allege that a criminal syndicate was using the allegedly stolen personal information of more than 33 people to apply for loans for luxury cars that did not exist. Police executed a search warrant at a home in Carlingford, in Sydney's north-west, and a warehouse unit in Alexandria at 6am yesterday.
READ MORE: Cooler recall reminder after child swallows magnet Police seized multiple role watches, a Cartier ring and $200,000 worth of wine. (NSW Police Force) They seized an estimated $200,000 of wine, a Tesla sedan, a Mercedes Benz van, multiple Rolex watches, and large amounts of luxury jewellery, including a Cartier ring. A 40-year-old man was arrested before being taken to Gladesville Police Station.
He was charged with three counts of recklessly dealing with proceeds of general crime intending to conceal, participating in a criminal group contributing to criminal activity and recklessly dealing with the proceeds of crime greater than $5000. He was refused bail to appear before Burwood Local Court today A 31-year-old woman was arrested in May from a home in Middleton Grange following initial investigations into the alleged criminal syndicate. READ MORE: Parents rally around lollypop man banned from high-fives A Tesla was amoungst the goods seized.
(NSW Police Force) She was charged with 102 counts .