The glamorous mother, 21, is charged with fraud that has taken victims out of millions of dollars in her superannuation – as Australians are asked to check their accounts NOW
- Investigators have been in the case for a year and have charged Jasmine Vella-Arpaci
- The young mother is accused of trying to steal about $ 1.5 million from the victims
- It was reportedly part of a global fraud syndicate that was trying to make $ 10 million
Australians are asked to check their retirement accounts after the federal police investigated a multimillion-dollar fraud and identity theft consortium.
The Australian Federal Police and the Australian Securities and Investment Commission announced on Tuesday that the international syndicate has attempted to steal up to $ 10 million from bond and equity accounts.
Investigators have been in the case for more than 12 months and on Tuesday charged 21-year-old Jasmine Vella-Arpaci for multiple conspiracy offenses.
The police have charged 21-year-old Jasmine Vella-Arpaci (pictured) for multiple conspiracy offenses related to an investigation into a multi-million dollar syndicate by the federal police for fraud and identity theft.
The Derrimut woman is accused of attempting to steal approximately $ 1.5 million from the victims' accounts, including allegations of manipulating the postage.
"We believe this woman was part of a sophisticated global network whose attempts to defraud Super Funds and stock trading accounts totaled up to $ 10 million," said Chris Goldsmid, deputy commander of AFP Cyber Crime, to reporters.
Vella-Arpaci was bailed by a Melbourne judge after a brief appearance in court.
Mr. Goldsmid said the syndicate used stolen mail or darknet information to impersonate unsuspecting victims and open bank accounts.
The Derrimut woman (pictured) is accused of attempting to steal approximately $ 1.5 million from the victims' accounts, including allegations of tampering with the postage
Research has uncovered at least 70 such accounts, which they say the syndicate used to withdraw money from victims' superannuation and stock trading accounts at companies listed on the ASX.
The money was then allegedly withdrawn overseas and used to buy assets such as jewelry before being sent back to Australia via cryptocurrencies to cover up their tracks.
"To put it simply, criminals have tried to steal retired nest egg from people across Australia using the anonymity of the dark web and cryptocurrencies," said Goldsmid.
He would not say how many people were affected, but would ask the public to check their super and stock accounts.
Vella-Arpaci was bailed by a Melbourne judge after a brief appearance in court (Image)
"We know that many Australians only think of their super accounts when they are approaching retirement," he said.
“We urge everyone to be vigilant. Go home tonight and check your balance.
"If you notice anything out of the ordinary, please report it to your super fund as soon as possible."
The investigations are ongoing.
HOW THE FRAUD WORKS:
Step 1 – Criminals create Australian bank accounts with stolen ID documents from unsuspecting victims.
Step 2 – Victim's personal superannuation and stock trading accounts are compromised using a number of online hacking tools. Money from the accounts is withdrawn to the new, wrong bank accounts.
Step 3 – To launder the money, funds are withdrawn overseas and used to buy assets before being transferred back to Australia via cryptocurrencies.
Source: AFP, ASIC
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