Police shut down credit card factory


AN UNDERGROUND credit card factory has been shut down in Sydney.

Two thousand blank credit cards and a machine capable of printing thousands more were seized by detectives in Ryde in the early hours of Thursday morning.

A 51-year-old man was arrested and charged with multiple fraud offences including dealing with the proceeds of crime worth more than $1million.

Police will allege the man headed a manufacturing and money laundering syndicate, specialising in identity theft and the production of fake credit cards and identification.

Along with the printing machine and cards, which had a potential value of $2500 each, police discovered 500 NSW drivers licences, $25,000 in cash, high-end accessories including designer watches and top shelf alcohol.

The man appeared in the Central Local Court on Thursday and was refused bail.

Topics:  credit card, factory, fraud, police

Looking to sell your property? Post a Property online

Call 1300 136 181 or post your listing online now.

Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.