Third Man Charged in ACT Money Mule Investigation
ACT Policing has charged a third man following an extensive investigation into alleged “money mule” activity linked to cyber-enabled fraud offences in the ACT.
Police yesterday executed search warrants at a residence in Chifley as part of an ongoing investigation into people allegedly operating as “money mules”.
According to investigators, money mules help move funds that have been obtained through fraud. Police allege the group opened multiple bank accounts that received millions of dollars stolen through business email compromise scams. The funds were allegedly converted into gold bullion, cash and cryptocurrency.
During the search of the Chifley residence, investigators allegedly located bank cards, financial documentation linked to the suspected offending, and identity documents believed to be fraudulent.
A 53-year-old man has been charged with receiving stolen property, dealing in the proceeds of crime greater than $1 million, and dealing in the proceeds of crime greater than $50,000. He was scheduled to appear in the ACT Magistrates Court today, Wednesday 27 May 2026.
Police said he is the third person charged in the investigation. A 49-year-old man from Fisher was charged in April, while a 75-year-old man was charged in December 2025.
ACT Policing has reminded businesses and the wider community to remain alert to business email compromise scams and other cyber-enabled fraud offences, warning they can cause major financial and emotional harm. Authorities are urging businesses to independently verify payment details before making financial transactions.
Source:ACT Policing
