He was one of nine people on student visas who were arrested by Strike Force Beswick which was formed last October to investigate a criminal syndicate allegedly laundering the proceeds of crime overseas.
It’s alleged the syndicate transferred more than $2.4 million through about 475 electronic money transfers, creating accounts using fraudulent identity documents.
Police will allege in court the men targeted people through cold-call phone scams, before transferring the funds overseas through fraudulent bank accounts.
Investigations are continuing.
Anyone who believes they may have been scammed is urged to contact local police.
Man one of nine arrests over $2.4 million laundering scam
A WILEY Park man, 24, has been charged following an investigation into more than $2 million in suspicious electronic money transfers across the Greater Sydney Metropolitan Area.