Regulatory Alerts2025-08-07
Four charged with money laundering in fake investment scam
ASIC has charged four Victorian men with money laundering offences for facilitating a sophisticated bond scam that targeted Australian investors between January and July 2021. The regulator alleges the defendants handled victim funds deposited into Australian accounts and transferred them offshore or to crypto exchanges, while using high-quality falsified documentation to lure victims. The matter is being prosecuted by the CDPP and is scheduled for committal hearings in the Melbourne Magistrates’ Court in late 2025 and 2026.
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