Crypto ATMs, illicit drugs and $4.7 million cash seized in Sydney warehouse
Police officers have made a major bust against a Sydney money laundering operation which saw the seizure of about $4.7 million in cash, illicit drugs, and a number of cryptocurrency ATMs in the city’s inner-south.
Three men were arrested on Friday after detectives searched two units on Gardeners Road, Mascot and a storage unit in Kingsgrove locating the cash as well as money counters, mobile phones, laptops, and three cryptocurrency automatic teller machines.
Five kilograms of prohibited drugs including heroin, methylamphetamine and cocaine were also seized for forensic examination.
Two men – aged 34 and 39 – were found to have more than $150,000 worth of cash on them, with one man carrying 13 envelopes of drugs.
The three men were taken to Mascot Police Station and charged with multiple criminal and money laundering offences.