According to ChainCatcher and reported by Decrypt, the Australian Securities and Investments Commission (ASIC) on Thursday charged four men from Victoria with money laundering, having transferred the proceeds of a fraudulent bond scam through bank accounts to cryptocurrency exchanges or overseas. The incidents in question occurred mainly between January and July 2021, with the primary defendants Dimitrios Podaridis and Bassilios Floropoulos facing 28 charges each.
ASIC pointed out that although the gang did not directly commit fraud, they were key participants in the fund transfer process. Data shows that investment scams in Australia caused losses of 319 million AUD in 2024, with nearly half involving fraudulent investment schemes. The pre-trial hearing for this case is set for October 30, 2025, and is an important part of ASIC's recent series of enforcement actions against cryptocurrency money laundering.
