Speaker 1: Well in Sydney. Now there are three men in custody
Speaker 1: of allegations they profited from the sale of fake, counterfeit
Speaker 1: luxury goods and made as much as ten million dollars
Speaker 1: from the sales. The profits of their alleged crimes then
Speaker 1: went towards buying high end sports cars, Lamborghinis and McLaren's.
Speaker 1: The men have been in court this afternoon seeking bail.
Speaker 1: A decision on bail will not be made today. Detective
Speaker 1: Superintendent Peter Foe is the commander of the Organized Crime
Speaker 1: Squad and joins us, thank you for your time. Detective.
Speaker 1: How did this operation work?
Speaker 2: Yeah, Hi Clinton, thanks for having me so. Essentially, the
Speaker 2: organized crime Squad we're going to Unexplained wealth team and
Speaker 2: they look at exactly what this scenario was. People who
Speaker 2: are out there living well beyond their means and making
Speaker 2: money from any type of crime really but organized crime.
Speaker 2: And they work closely in with the new South Walest
Speaker 2: Crime Commission. And we identified these people that they'd been
Speaker 2: doing this for about three years and went into resolution
Speaker 2: on the investigation yesterday, finding large amount of fake copied
Speaker 2: luxury goods and seizing these nine high end luxury motor vehicles.
Speaker 1: So what were they selling? What were the luxury goods?
Speaker 2: Oh? Look at I mean when we executed the three
Speaker 2: search on the premises, it was like going into department store. Essentially,
Speaker 2: there's absolutely everything. There's sneakers, clothing, watchers, handbags, everything you
Speaker 2: can think of the high end luxury goods stores sell.
Speaker 2: They were selling copies off.
Speaker 1: I'm glad you've made these arrests and this is all
Speaker 1: going to be played out in court, and that process
Speaker 1: is started the day Peter, because I've often wondered when
Speaker 1: you pull up a set of lights. It can be
Speaker 1: in the suburbs of Sydney, and you look at the
Speaker 1: car next to you and it's a Lamborghini, And sometimes
Speaker 1: you look at the driver behind the wheel and they
Speaker 1: look pretty young, and you think, well, you've done very
Speaker 1: well for yourself. Maybe you've had a tech startup or something.
Speaker 1: But you do wonder sometimes where the money is coming
Speaker 1: from for these cars.
Speaker 2: Yeah. Look, and you know everyone that drives on these
Speaker 2: cars is doing it illegally. But you know, this is
Speaker 2: a perfect example of how people can make enough money
Speaker 2: through committing crime to sort of build like enough wealth
Speaker 2: to move not only extremely large amount of cash, through
Speaker 2: their bank accounts, but by these luxury motive vehicles. One
Speaker 2: motive vehicle alone was worth approximately one million dollars out
Speaker 2: of the vehicles we see, and the title of Eagles
Speaker 2: were well over three million dollars in value. So yeah,
Speaker 2: I mean, and these people were quite they're blatantly flaunting
Speaker 2: their wealth that they're making from this. You know, they're
Speaker 2: on social media posting things in terms of their wealth.
Speaker 2: So it's always good to get these type of people
Speaker 2: that the best thing is that these people are undermining
Speaker 2: a legitimate business and industry. You know, there's legitimate business
Speaker 2: out there trying to sell goods and they employ a
Speaker 2: lot of people and those people rely on that employment,
Speaker 2: so you know, they undermine that whole process and industry.
Speaker 1: Of course, this plays out before the courts, but what
Speaker 1: what now happens to what you've seized?
Speaker 2: Essentially there, you know, we have all the goods and
Speaker 2: there's you know, we've got a large amount of goods here,
Speaker 2: well over a thousand different items that we've seized, and
Speaker 2: they're you know, they're analyzed and certified as being copies
Speaker 2: or fake or fraudulent, and then it's highly likely they'll
Speaker 2: be destroyed at some stage.
Speaker 1: Okay, thank you for your time, no problems.
Speaker 2: Thanks Clinton.
Speaker 1: Detective Inspector Peter Foe, who is from the Organized Crime Squad.
Speaker 1: The command up now