Mother-Daughter Fraud Syndicate Scams $70M

On November 13th, a mother-daughter duo in Australia were charged in a massive fraud and money laundering scheme, allegedly scamming nearly $70 million from vulnerable Vietnamese individuals. The mother, a self-proclaimed fortune teller, promised future billionaire partners to victims, keeping a portion of the money. Arrested in Sydney, the mother faces 39 charges, while her daughter faces 7. The investigation, dubbed Strike Force Myddleton, uncovered a broader financial crime syndicate linked to the Penthouse Syndicate, believed to have defrauded major Australian banks of up to $250 million. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.