A 40-year-old individual from Auckland, New Zealand, faces a wave of charges for money laundering via allegedly shady cryptocurrency transactions & luxury car purchases.
In line with the official reports by the NZHerald, the man, granted interim anonymity after he appeared at the Auckland District Court earlier today, faces 30 charges altogether.
He is imagined to have received thousands of New Zealand dollars to shop for cryptocurrencies as a part of transactions intended for money laundering, as per the official reporting.
Other charges allege that the individual laundered funds via the acquisition of high-end vehicles along with NZ$421,000 [US$279,687 USD] for a Lamborghini & around NZ$288,888 [US$191,919 USD] for a Mercedes G63.
NZ$1.7 Mln [US$1.12 Mlnn] is claimed to possess been wont to launder money via a property in East Auckland.
He is further imagined to have laundered money received from a private at Auckland Airport earlier this year, as well as obtaining over several dollars from a bank employing a false identity.
The charges come after an asset-seizure operation from the police dubbed “Operation Brookings” involving numerous officers and a variety of search warrants.
Additionally, the operation netted 7 high-end luxury vehicles and three properties worth an estimated $3.3 Mln [US$2.19 Mln] in total.
5 other individuals are arrested & stand accused of being involved in the laundering scheme.