Australian couple arrested for identity fraud and crypto money laundering

Australian couple arrested for identity fraud and crypto money laundering
Sep 28, 2018 12:47 PM By: Ben Noble | 2588 Views

The Australian authorities seized couple speculated for identity fraud and laundering money deserving of more than US$216,450 using cryptocurrency.

A search to online transactions that use taken credit card attended by Strike Force Breakbank has led to an arrest being made by the Australian officials to a couple existing in the south-west of Sydney.

The couple, whose titles are not disclosed, is assumed for using a stolen credit card to open 45 companies and bank accounts, which they used to take the money from their crooked “business” activities.

They, then, laundered the money by buying digital currencies, including Bitcoin and put them into their foreign crypto accounts. According to The Sydney Morning Herald, the total amount of funds used to purchase cryptocurrency is AU$300,000 or around US$216,450.

For their offenses, the 32-year-old man was stormed with 35 fraud-related crimes, six papers fraud-related crimes and knowingly dealing with proceeds of crime and denied for bail, while the 29-year-old woman was raided with 12 fraud-related crimes and granted strict conditional bail.

Both of them are required to arrive in the local court on Tuesday, October 9th.

#Money laundering #Crypto #Australian couple

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