Cybercrime Squad charge five money mules allegedly responsible for moving millions of fraudulent dollars
Five ‘money mules’ who allegedly moved $3m worth of fraudulent money by purchasing untraceable items including gold bullion and jewellery have been charged following an operation in Sydney’s southwest.
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Five ‘money mules’ who allegedly moved $3m worth of fraudulent money by purchasing untraceable items including gold bullion and jewellery have been charged following a Cybercrime Squad operation in Sydney’s southwest.
Detectives launched three search warrants in Lakemba, Greenacre, and Doonside on March 7 following reports some of fraudulent funds were allegedly from business email compromises – when an offender gains access to a corporate email account to impersonate the real owner and defraud the company.
An 18-year-old woman and a 27-year-old man were arrested in Lakemba and taken to Campsie police station.
The woman was charged with two counts of knowingly dealing with proceeds of crime and participating in a criminal group.
The man was charged with three counts of knowingly dealing with proceeds of crime and participate in a criminal group.
Both were refused bail and appeared before Bankstown Local Court on March 8.
Police also arrested a 25-year-old man in Greenacre and charged him with nine offences including knowingly deal with proceeds of crime, two counts of deal with property proceeds of crime and possess unauthorised pistol.
He was refused bail and appeared before Bankstown Local Court the same day.
A third person was arrested in Doonside and taken to Blacktown Police Station, where he was charged with two counts of knowingly dealing with the proceeds of crime and participating in a criminal group.
The 27-year-old man was refused bail and appeared before Blacktown Local Court on Thursday 7 March 2024.
The following week on March 12 detectives searched another property in Riverstone and arrested a 20-year-old man.
He was taken to Riverstone Police Station where he was charged with two counts of knowingly dealing with proceeds of crime and participating in a criminal group.
He appeared in Blacktown Local Court on March 13 and was denied bail.
Cybercrime Squad commander, detective superintendent Matt Craft said business email compromises are on the rise and warned business owners to be on the lookout.
“Now is a great time for businesses to review their practices and procedures before authorising changes to accounting information,” he said.
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