Luxury cars seized in Sydney in raid over alleged $5.5m crypto scam

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Two men have been charged after police seized millions of dollars worth of luxury cars, watches and other items from an alleged cryptocurrency scam.

The men, aged 39 and 67, were arrested in Sydney after two companies were defrauded of more than $5.5 million since 2021.

Officers raided a warehouse at Cromer on Sydney’s northern beaches on Friday and seized six luxury cars, 11 motorcycles, seven designer watches, nun chucks, cryptocurrency wallets and relevant documents.

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