A self-proclaimed fortune teller who has orchestrated a highly sophisticated $70m money laundering scheme in Sydney.
New South Dales Police arrested two women, Anya Phan, 53, and a 25-year-old, at a property in Dover Heights in Sydney’s East on Wednesday morning.
Phan is said to have exploited vulnerable clients within the Vietnamese community by persuading them to take out financial loans based on his prediction that a “billionaire” was in their future. The woman then took out a portion of the loans, police said Thursday.
Police said financial documents, mobile phones, electronics, luxury handbags, a 40-gram gold worth $10,000 and $6,600 in casino chips were seized.
The investigators will accompany the elderly woman who ran the fraudulent scheme – estimated at a total of almost $ 70m – with the help of the younger sister.
A further $15M worth of assets have been frozen by the NSW Crime Commission, police said on Thursday.
The women were taken to the Surry Hills Police Station, where Phanh was charged with 39 crimes, including larceny of criminal activities, 19 counts of criminal activities by larceny of financial activities through the discussion activity of dealing with profits.
He refused bail to appear in Downing Center Local Court on Thursday.
The 25-year-old was charged with several crimes, including two counts of dishonesty to obtain a financial advantage by deception and failure to deal with income worth more than $5,000. He was granted conditional bail to appear in court in January.
The mentioned fraud came out after the investigation by the police of a Sombira financial car under the strike that used stolen personal information to apply the banks of the banks of the banks of the financial companies “without.
In January 2024 investigations revealed the syndicate’s operation was more than car finance fraud in general, it was business fraud, police said.
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“What started as an investigation into fraudulent car financing expanded into the unknown [alleged] sophisticated financial crime syndicates that I have seen in my career at the helm of the Financial Crimes Squad,” said Det Supt Gordon Arbinja.
Police say 17 people have previously been charged under Myddleton and they remain before the courts. About $60m in assets have been withheld in connection with the charges.
The director of the NSW Crime Commission, Darren Bennett, said the recovery of “assets is not just about punishment – it’s about restoring confidence and getting people back to NSW”.