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Australian/US International Counterfeit Currency Syndicate Cracked by Australian Federal Police in Sydney NSW

Sydney, NSW (News4us.com) November 25, 2010

Australian/US International Counterfeit Currency Syndicate Cracked by Australian Federal Police in Sydney NSW

Australian/US International Counterfeit Currency Syndicate Cracked by Australian Federal Police in Sydney NSW

The Minister for Home Affairs and Justice Brendan O’Connor has congratulated the Australian Federal Police and the NSW Police Force on cracking a counterfeit currency syndicate.

Operation Theseus yesterday culminated in the arrest of six men in Sydney and one man in San Francisco in the United States.

“During the seven month long operation, more than 7,700 counterfeit $50 banknotes were seized in Australia and the US.

“Many people may not realise the full extent of damage caused by counterfeit currency. Fake money rips off law abiding members of the public but it also helps to finance organised crime.

“By taking counterfeit money out of circulation, the AFP is protecting the Australian community from fraud and also stemming the flow of funds to criminals,” he said.

The AFP will allege that those involved were responsible for manufacturing and distributing high quality counterfeit Australian currency and importing three kilograms of cocaine.

Operation Theseus received assistance from the United States Secret Service, the Reserve Bank of Australia, the NSW Crime Commission and Customs and Border Protection.

“This operation represents one of many law enforcement success stories this year in the fight against serious and organised criminal activity,” Mr O’Connor said.

“The success of this and countless other operations demonstrates the exceptional ability of Australian law enforcement agencies to work together and get results,” he said.

“A key element of the Commonwealth Organised Crime Framework is multi-agency responses to deliver operational, policy, regulatory and legislative responses to organised crime.”

Operation Theseus demonstrates the AFP’s commitment to disrupting, investigating and prosecuting organised crime in accordance with the Framework.


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