ASIC Dey Charge Four Pipo for Crypto Laundering for Fake Bonds Scam
Australia Securities and Investments Commission (ASIC) don charge four men wey dey Victoria for crypto laundering wey relate to big fake bonds scam. From January 2021 reach middle 2023, ex-barrister James Podaridis, Bill Floropoulos, Peter Delis and Harry Tsalikidis dem allegedly carry investors’ money go bank accounts, transfer am abroad or change am to crypto through digital exchanges. Dem use fake comparison sites, Facebook ads and fake prospectuses promise fixed returns of 4.5–9.5% every year for one to ten years. ASIC talk say dem handle criminal money anyhow, Podaridis and Floropoulos face 28 counts each, Tsalikidis 12 counts and Delis eight. Committal mention dey set for 30 October 2025 under Commonwealth Director of Public Prosecutions. This crypto laundering case dey show say regulators dey watch digital asset well well and say dem need stronger anti-money laundering measures. Traders suppose dey watch how enforcement dey go as ASIC dey tighten grip on illegal fund transfers for crypto market.
Neutral
Dis case dey show say regulatory watch for crypto market dey increase, wey fit make pesin dem dey scare small for short term because e go raise compliance cost and fit get fund movement restriction. But to set up strong anti-money laundering system fit make market better and support long-term use. In general, dis balanced effect mean say e no go too affect crypto prices.