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Edward Richter faces court on money laundering charges

A man allegedly spent more than $90,000 on gold bullion in Brisbane twice, as part of an alleged $6 million scam syndicate, a court has heard.

Edward Richter leaves Penrith Local Court on September 7.
Edward Richter leaves Penrith Local Court on September 7.

A man who police allege handled more than $240,000 of illegally obtained money as part of an alleged criminal syndicate involved in fraudulent activities across the country has faced court.

Edward Felix Richter, 30, of Orchard Hills, had a brief mention before Magistrate Brian van Zuylen on Monday at Penrith Local Court.

He has been charged with participating in a criminal group, and three counts of recklessly deal with the proceeds of crime.

According to court documents, police will allege Richter recklessly dealt with $240,129.07 that was allegedly received after online scamming.

They will also allege he took the money to Brisbane to buy gold bullion totalling more than $93,000 on two occasions.

Edward Richter faced Penrith Local Court on four charges relating to an alleged $6 million scam syndicate.
Edward Richter faced Penrith Local Court on four charges relating to an alleged $6 million scam syndicate.

Six men were arrested in July in relation to the syndicate which allegedly used fake dating profiles and falsified invoices to steal more than $6 million before laundering the money.

Three other people have been arrested and charged since that time, including Richter.

The eight co-accused remain before the court over their alleged roles.

In court on Friday, Richter asked for his matter to be adjourned so he could speak to a solicitor.

When Magistrate van Zuylen asked him who he planned to see, he said it was a “firm across the road” that he didn’t remember the name of.

He did not enter a plea to any of the charges.

Richter will next appear at Penrith Local Court on September 29.

Original URL: https://www.dailytelegraph.com.au/newslocal/penrith-press/edward-richter-faces-court-on-money-laundering-charges/news-story/9aba5ab9fcb5b64f0daaa60df388b3c5