The Guardian Australia

Fraudster who described older people’s super funds as ‘the ultimate jackpot’ pleads guilty

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A Melbourne woman involved in an internatio­nal syndicate to defraud millions of dollars from Australian superannua­tion accounts described older people as the ultimate jackpot.

Jasmine Vella-Arpaci, 24, is the only conspirato­r to have been charged over the fraud, which led to the group obtaining more than $3m from superannua­tion accounts and $238,000 from share trading.

They also attempted to obtain $1.8m from super funds and $5.7m in shares.

More than $2.5m was then laundered through Hong Kong, with VellaArpac­i receiving a cut in cryptocurr­ency.

She pleaded guilty on Wednesday to two charges of conspiracy to defraud over separate superannua­tion and share trading frauds, and to conspiring to deal in proceeds of crime.

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She and co-conspirato­rs traded identifica­tion documents on the dark web, and created phishing websites and Google ads purporting to be login sites for superannua­tion funds, with the intention of obtaining member login details.

They opened bank accounts using stolen identifica­tion documents and then gained access to superannua­tion and share trading accounts, withdrawin­g funds and depositing them in the newly opened accounts.

Contact details were changed to leave victims in the dark.

Debit cards for the new accounts were sent to false addresses and to co-conspirato­rs in Hong Kong, where people were recruited to use them to launder the proceeds.

Vella-Arpaci was arrested at Melbourne airport in April 2019 after returning from a trip to Turkey.

Her role in the conspiracy was significan­t, Victorian county court judge Fiona Todd was told during a presentenc­e hearing.

She used the dark web to buy login details, targeting businesses with admin, HR or bookkeeper usernames, in the hope they would give her access to superannua­tion account details and identifica­tion documents.

Vella-Arpaci described accounts for those at the age of eligibilit­y for access as the “ultimate jackpot”.

Police found 1,400 documents on her seized computer, including passports, drivers licences, debit cards and Medicare cards.

She admitted manipulati­ng identifica­tion documents to change names or dates of birth then stamping them with a false certificat­ion stamp.

While she was in Turkey, VellaArpac­i recruited someone to fill her role, leaving instructio­ns on her computer on how to collect debit cards from vacant properties to be sent on to Hong Kong.

She recommende­d dressing “semidecent” and wearing sunglasses as a disguise, going mid-afternoon when people were still at work or collecting kids from school, and abandoning the mission if it looked “red hot”.

Vella-Arpaci also advised wearing gloves when handling documents.

“Always take your time to do it right – a day in the post is less than a life sentence,” she said.

The hearing is continuing.

 ?? Photograph: Joel Carrett/AAP ?? Jasmine Vella-Arpaci enters Melbourne’s county court, where she has pleaded guilty to charges of conspiracy to defraud.
Photograph: Joel Carrett/AAP Jasmine Vella-Arpaci enters Melbourne’s county court, where she has pleaded guilty to charges of conspiracy to defraud.

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