A New Zealand man has been charged with money laundering via the use of cryptocurrency transactions and luxury car purchases.
According to a report by the NZHerald, a 40-year-old man from Auckland, New Zealand, who was granted interim anonymity, faces up to thirty charges related to money laundering. The man was arrested as part of a major asset seizure operation, including thousands of dollars used to purchase crypto-assets.
The report claims the accused allegedly laundered money through the purchase of high-end vehicles, including a $421,000 Lamborghini and a $288,888 black Mercedes G63. The man reportedly used $1.7 million in laundered funds to purchase an East Auckland property.
Court documents show the man was given unknown sums of cash for laundering from an individual while at the Auckland Airport earlier in the year. He was also accused of obtaining via deception credit amounting to over a million dollars from a bank.
In addition to the unnamed defendant, the report said police arrested six other people and seized millions in assets on October 13.
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