A solicitor from Sydney's north shore is accused of involvement in an international cryptocurrency scam which defrauded four people of more than $2.3 million.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
In 2019 detectives began investigating with the victims saying they had responded to an online advertisement about cryptocurrency trade and deposited money to trade in cyber currencies.
Between December 2018 and March 2019, the four men - who were then aged between 69 and 95 - deposited a total of $2,311,000 into various Australian bank accounts.
Inquiries revealed the Australian accounts, which had subsequently been closed by the bank due to suspicious transactions, were all linked to a Sydney-based solicitor.
A 38-year-old man was arrested at Sydney's Day Street Police Station on Wednesday.
The Turramurra man was charged with four counts of recklessly dealing with the proceeds of crime.
Police will allege in court the man was a paid a total of $173,000 to facilitate the transfer of the victims' money, which was deposited into his accounts, to an international syndicate believed to be operating out of Israel and Eastern Europe.
He was refused bail to appear at Central Local Court on Thursday.
Australian Associated Press
